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 is seeking to invest £11m 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 co-investors.

LCIF 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 managed by Turquoise, which has an 18-year track record in investment management and corporate finance transactions in Energy, Environment and Efficiency, working with colleagues at UEA and Norfolk County Council.

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 LCIF, including how to apply, please go to lcif.vc

LCIF 2 Information Sessions

The Low Carbon Innovation Fund (LCIF2) is seeking to make new investments of £25k and over into businesses who are developing innovative products and technologies that will make significant reductions of greenhouse gas emissions.

Launched in 2020 with a new £22 million cycle of investment the fund has already invested over £4m in companies including SKOOT, Electric Miles, Switchd and Adaptavate. The fund co-invests with like-minded private sector investors using £11 million of public funds from the European Regional Development Fund (ERDF).

If you are an SME operating in the East of England and have a focus on environmentally beneficial technologies and products, then you may be eligible to apply. These are not restricted to renewable energy or related sectors; however, they must fundamentally be more energy or resource efficient than what is currently available in the market.