Businesses looking to scale crucial net zero technologies have been encouraged to apply for support from a new public funding pot launched today as part of government efforts to support “breakthrough” innovations. The £375m ‘Future Fund: Breakthrough’, which opens for applications today, aims to support high-growth, R&D-intensive companies with a plan to bring “game-changing” products to market, including green technologies and solutions that can deliver the UK’s net zero transition, the government said. However, only businesses that have already clinched 70 per cent of a minimum £30m investment round from well established private investors will be eligible to apply, it added. Launching the fund this morning Chancellor Rishi Sunak said it would enable businesses across the UK to bring their transformational technologies to market while creating jobs and boosting the economy in the wake of the ongoing coronavirus crisis.
Business Green 20th July 2021 read more »