Low Carbon Innovation Fund

The Low Carbon Innovation Fund (LCIF) is a co-investment fund worth over £100m aimed at SME’s operating in the East of England developing environmentally beneficial technologies, products or services.

The fund invests into businesses that can demonstrate that their technology, product or services can make measurable reductions to Greenhouse Gas emissions.

LCIF is a venture capital fund investing alongside private sector co-investors. It is funded by the European Regional Development Fund and is operated under the authority of the Ministry of Housing, Communities and Local Government. LCIF is part of the UK Government’s portfolio of business support products.

The fund is operated by a partnership between UEA, Turquoise and Norfolk County Council on behalf of the whole East of England region.

The fund is managed by Turquoise International, which has an 18-year track record in investment management and corporate finance transactions in Energy, Environment and Efficiency.

LCIF is funded by New Anglia LEP, Hertfordshire LEP and the Cambridgeshire and Peterborough Combined Authority. The fund prioritises applications from businesses in these geographies.

If you would like to find out more about the LCIF portfolio of companies, please visit here.

• Over £30 Million of ERDF funds raised and invested through Low Carbon Innovation Fund (LCIF 1 & 2)
• An additional £100 million of private finance leveraged into East of England climate-tech companies
• Extensive low-carbon support programmes for new businesses
• 82 companies receiving investment
• Over 100 new products, technologies and services brought to market
• Over 10,000 tons of carbon emissions saved per year
• 250 founders trained in capital-raising skills, knowledge and contacts with over 1,000 investors engaged
• Active and engaged communities of investors and innovators brought together in industrial, clean-tech and creative sectors
• Environmental and ESG Impact Measurement for all investments
• A successful model of productive collaboration between innovators, universities, local government and financiers
• For more information contact Saffron Myhill at s.myhill@uea.ac.uk.