The Energy Entrepreneurs Fund is a competitive funding scheme to support the development and demonstration of state of the art technologies, products and processes in the areas of energy efficiency, power generation and heat and electricity storage.
The Energy Entrepreneurs Fund seeks the best ideas, irrespective of source, across these energy technology areas from the public and private sector. The scheme particularly aims to assist small- and medium-sized enterprises, including start-ups, and those companies that are selected will receive additional funding for incubation support.
Since 2012 there have been 5 phases of the Energy Entrepreneurs Fund. Over that time we have invested around £50 million of grant money in over 100 companies. Those companies have secured over £35 million in private funding and are still attracting further investment. Phase 6 was launched in the Clean Growth Strategy in October 2017.
Up to £10 million for Phase 6 was launched in the Clean Growth Strategy in October 2017. Phase 6 successful applications are currently being finalised.