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The Low Carbon Economy Ltd

07 Sep 2009 12:09:11

Clean tech research gets funding

Clean tech research gets funding
An investment of £1.75 million has been made into research and development of clean technologies in the UK.

The funding will be made to start-up businesses working in these areas as part of the efforts to aid the transition of Britain to a low carbon economy.

According to the Carbon Trust, which has made the grants available, the scheme has shown good results in encouraging the development of clean products in the past.

Dave Raval, head of the Carbon Trust incubation scheme, said: "The UK has led the development of many low carbon technologies, but we must nurture and harness the [country's] spirit of innovation and ingenuity to generate the maximum economic benefit from the global clean tech revolution.

"You may have a great technology or service idea, but to make it fly and become a commercial reality, you need a strong business behind you and the know-how to attract investment."



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