Former LEP chairman to head board of investment group funding low-carbon projects
PUBLISHED: 15:32 11 January 2018 | UPDATED: 15:32 11 January 2018
Archant © 2017
A Norwich-based investment group for energy-efficient innovations has appointed a new chairman.
Mark Pendlington, former chairman of New Anglia LEP, has taken up the post at the University of East Anglia’s Low Carbon Innovation Fund (LCIF).
LCIF, part of the Adapt Low Carbon Group, has a successful track record of investing in East Anglian companies which develop products and services that reduce carbon emissions by improving energy and resource efficiency. It has invested more than £20m since its launch in 2010 and has attracted around £49m from other investors.
In his role as group director of Anglian Water, Mr Pendlington leads debates around sustainability, innovation, regional growth and the impacts of climate change.
He will work closely with Adapt chief executive Prof John French on the fund’s strategy, as well as with the operational team on expanding its impact with new projects and initiatives.
Prof French said: “Mark brings a wealth of experience, knowledge and contacts as well as a clear ambition for success that matches our own. He takes over at a time when the fund enters its second phase of investment and will prove a great asset as we create new funds and projects that extend our ability to assist more companies in East Anglia.”
Mr Pendlington added: “LCIF is at the heart of driving innovation and entrepreneurship in the development of low carbon goods and services. The expert team at UEA, led by John French, works at national and international levels to invest in new ideas and to nurture talent.
“LCIF is one of the jewels in the crown of our region, contributing to the increasing high reputation of the east of England as an international hub of growth and excellence. I am so pleased to have the opportunity to play a positive role in driving further progress.”