As a specialist merchant bank focusing on energy, environment and efficiency, we are thrilled to be appointed as fund manager for Low Carbon Innovation Fund 2 (LCIF2). Following our success of the first Low Carbon Innovation Fund, LCIF2 will invest venture capital alongside private sector investors in a range of businesses delivering low carbon technologies.
LCIF2 is supported by £11m of capital from the European Regional Development Fund (ERDF) to be invested alongside at least the same amount from private investors. Investment sizes will range up to £1m, including follow-ons. The original Low Carbon Innovation Fund, managed by us, supported more than 70 companies and generated over £68m of investment in the East of England region.
We were selected to manage the original LCIF initiative and were privileged to see some world-class clean technologies being developed by investee companies.
We are committed to continuing to support new, ground-breaking technologies through LCIF2.