Low-carbon funding for businesses tops £70m since 2010

20:03 09 February 2016

James Griffiths of the Low Carbon Innovation Fund. Photo: Bill Smith

James Griffiths of the Low Carbon Innovation Fund. Photo: Bill Smith


More than £70m has been invested in businesses in the region during the first round of funding distributed by the University of East Anglia’s Low Carbon Innovation Fund (LCIF).

It supported 45 small to medium-sized enterprises (SMEs) in the East of England across sectors including renewable energy, automotive, technology and the creative industries, and is now looking to move into its second phase. The £20.5m allocated to the fund for investment by the European Regional Development Fund has now been spent, helping to create more than 260 jobs, as well as saving more than 210 jobs which would otherwise have been lost.

Launched in 2010, the fund attracted an additional £49m of investment into the region through private sector co-investors.

James Griffiths, programme and fund manager, said: “The fund has been an amazing success and we are delighted to have been able to invest in so many diverse and innovative businesses in the East of England.”

Professor John French, chief 
executive of Adapt, which operates the fund, said leveraging private sector investment into low carbon projects was crucial, adding: “Cooperation between both the public and private sectors is key if we are to achieve the greenhouse gas emissions targets that will bind all participating governments”.

The fund has supported innovative companies with a carbon reduction impact, making investments of between £10,000 and £1m.

One of those was Norwich-based magazine publisher PAM Communications, which has switched one of its titles from print to online, and received advice on other carbon-cutting initiatives.

Mark Roland, one of the company’s founders said: “LCIF has supported our business both financially and with invaluable advice, and its 
backing gives us credence moving forward to further investment rounds.”

Has your business benefited? Email with the details.

1 comment

  • 470 jobs at a cost of £69.5m so I guess they are not measuring success by the number of jobs? Did they 'invest' in the Crown Point project? No mention of what they regard as a measure of success at all in fact!

    Report this comment


    Tuesday, February 9, 2016

The views expressed in the above comments do not necessarily reflect the views of this site


Show Job Lists


Employers in East Anglia are paying staff more and looking at benefits packages in a bid to attract and retain staff.
Photo credit: Philip Toscano/PA Wire

If you excel at your job then now might be the time to speak to your boss about a pay rise or equally look for an upgrade in your benefits package.

                                 Managing Director of Bakers and Larners of Holt, Michael Baker, pictured at the Holt department store.


Family businesses are the lifeblood of the economy, but can often be weighed down by tradition. Now a report seeks to champion the region’s oldest family firms. Business writer SABAH MEDDINGS reports.

Green 100


Enjoy the Green 100
digital edition


Mustard TV

Meet the Team

Mark Shields

Business Editor


Chris Hill

Agricultural and Farming Editor


Shaun Lowthorpe

Business Publishing Editor


Sabah Meddings

Business Writer


Kate Royall

Business Writer


Duncan Abel

Business Development Manager

Business Most Read


Norfolk Future 50 EDP Business Awards Green 100

Business Most Commented

Newsletter Sign Up