Agri-tech SMEs offered funding boost thanks to new green scheme
Small and medium enterprises (SMEs) in the agricultural technologies sector are being offered thousands of pounds of venture capital investment to improve their business thanks to a new low carbon funding initiative.
Investments of between £25k and £75k are being made available to eligible SMEs across the East of England through a recently launched Smaller Investments Scheme from the Low Carbon Innovation Fund (LCIF).
The fund - part of the University of East Anglia’s Adapt Low Carbon Group - is open to any eligible business in the region that is interested in developing or producing low carbon technologies, products or services, and/or increasing their operational efficiency to reduce carbon emissions.
The scheme comes just a few months after the Government’s new strategy for agricultural technologies was released. Led by the Agri-Tech Leadership Council, the vision is for the UK to become a world leader in agricultural technology, innovation and sustainability.
This and more news will be in our forthcoming British Growers Association newsletter.