Shell kicks off search for most promising low carbon UK SMEs

Shell has opened applications for Shell Springboard 2019: a national programme that awards £350,000 no-strings funding to support cutting-edge low-carbon UK Small and Medium Enterprises (SMEs).

Last year’s winner Seawater Greenhouse, whose cool house technology allows crops to grow in arid regions, has further expanded its work in Somaliland, while 2017’s winner, Upside Energy, has recently secured an Innovate UK grant worth £470,000.

[adbutler zone_id=’297765′]

Sinead Lynch, Shell UK Country Chair said: “If you’ve got a brilliant low-carbon innovation, we really want to hear from you. While we don’t have any equity in the businesses we support through Shell Springboard, we want to see them scale-up, attract private investors and play a part in shifting the UK to a low-carbon economy.”   

Shell Springboard seeks out and supports UK-based SMEs that reduce carbon emissions, are innovative and economically viable. For example, previous Shell Springboard winner bio-bean, a company creating sustainable biofuels and biochemicals from coffee waste, is now selling in major retail outlets across the country and have collaborated with TFL to power public buses.

Charlie Paton, Director of Seawater Greenhousethe 2018 Shell Springboard National Winner, said: “Shell Springboard is an amazing programme that has built investor confidence in our business. Through the programme we met other high performing low-carbon SMEs, honed our pitching skills and received constructive feedback from the judges.”

By helping businesses in the low-carbon sector, both the UK and Shell stand to benefit from stronger economic growth and a deeper pool of innovators able to develop solutions for a lower-carbon world. Since 2005, Shell Springboard has provided over £4 million to more than 100 innovative low-carbon enterprises. More than eight in every ten (84%) Shell-supported companies are still in operation within five years, compared to the national average of approximately 45%.

Shell will be accepting applications to the Shell Springboard programme until 10am on October 29. Interested low carbon SMEs are invited to apply online at www.shellspringboard.org.

[yikes-mailchimp form=”2″ title=”1″ description=”1″]

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Sponsor

Our Other Titles

Latest

Wescot Credit Services relocates to 310 St Vincent Street amid expansion

PRAXIS Real Estate Management has secured a new tenant at Glasgow’s 310 St Vincent Street with Wescot Credit Services signing up to...

Peel Tech Expands into Glenrothes

PEEL Tech, the revolutionary and innovative filtration system business, has relocated to Fife, with help from InvestFife's Business Property Team. It has...

Snack sales surge by 8% driving PepsiCo sales up by 5% in Q3 2020 as Coca-Cola reports a 28% decline in revenue

ACCORDING to the research data analyzed and published by ComprarAcciones.com, PepsiCo's net sales surged by 5.3% to $18.09 billion. Its net profit increased...

Over 100 new, affordable homes transform East Kilbride

DEVELOPERS Swan Group and construction firm The JR Group, came together to complete a new social housing development of 105 homes at...

Barclays LifeSkills announce charity partnerships to help all generations remain and progress in the workforce

Over 11 million young people have already participated in LifeSkills since it launched 7 years ago  BARCLAYS LifeSkills has...