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LOW CARBON FUNDS FOR SMEs SBN Winchester 9 th December 2016

Join us at the Winchester event to learn about Future South's £4 Million grant scheme, helping SMEs commercialize low carbon ideas and find new markets. Hear success stories, get tips on winning funding, and explore opportunities for renewable energy innovations, energy efficiency, waste-to-energy, and more. Don't miss out!

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LOW CARBON FUNDS FOR SMEs SBN Winchester 9 th December 2016

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  1. LOW CARBON FUNDS FOR SMEsSBN Winchester9th December 2016

  2. Today • Who are Future South • What do we do • Where are the funds • How to win • Do’s and don’ts • Hampshire Community Bank • A case study • David Green Award • Q and A

  3. Future South Support to Business • £4 Million grant scheme to assist companies in commercialising low carbon ideas • Find new markets for export • Facilitate 200 Greentech apprenticeships with SMEs within 2 years

  4. Delivered to Date • £30m total inward investment • Total of £1.1 million awarded as grants to 20 businesses allowing them to create low carbon innovations, renewable energy and energy efficiencies. • Supporting the creation of 226 jobs (as at July 2016) average salary c£27k • Attraction of £5.3m in private investment • 80+ companies intensively supported

  5. Who has the funds • Innovate UK • BEIS DCLG Other Govt depts. • Local Enterprise Partnerships – EM3 and Solent LEP • EU H2020 SME Inst • Crowd funding • Angel • Venture Capital

  6. What purpose • Renewable Energy Innovations • Energy storage • Energy efficiency/audits • Reduce CO2 • Waste to Energy • Smart Cities/IOT • Air pollution

  7. Prepare • Have a very clear project in mind • Research research research • Find help/Get an innovation voucher • What are the required outputs and work back from them • What is your USP How are you different What is your idea Have you protected it • Check state aid rules • Make the business case Find match funding • Understand market/competition/cash flow/risks/

  8. What help is available • National Contact Points • Enterprise Europe Network • EM3 and Solent Growth Hub • University Business Schools • Innovation vouchers

  9. Bidding for Funds • 2 Stage Process • EOI - Expression of Interest • (get match in place/prep business case/3 year cash flow/state aid rules) • Full Application • Funds - job creation (£6,000 typical per job creation) or CO2 reduction or new product process service

  10. Do’s and don’ts • It’s not worth a punt!! • Do get help - Ask a critical friend to review • Don’t try and fit your idea into a fund - Respond to the NEED and the OUTPUTS • Do show how you will take it to market • Keep Good Records – You WILL be Audited!!

  11. Why do Companies fail? • Don’t tell the whole truth at EOI • Don’t answer the question • Don’t know what their USP is!!! • Try to force their idea into the wrong fund • Don’t have the match/team/evidence ready • Don’t prove there is a market for the product or how they will take it to market • Don’t show how they will be sustainable

  12. Hampshire Community Bank • Raised £10 million • Ready to lend to Hampshire SMEs • Based on the German Regional Banks Model • Lots of hurdles to overcome • Focus will be on Green Sustainable Projects

  13. Case study - REAP • Sector – Battery storage • Need – Improve battery performance and life • Use: In Boats and vehicles to reduce emissions • Team – Experienced team no prior fund bids • R and D – In house. Match – 20% from Investors • Funds – Applied to Green Growth & Innovate UK • Made the business case and won £1.2 million • Why – Researched mkt and brought in bid writer

  14. David Green Award

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