The multi million pound 'Enterprise M3 Clean Growth Enterprise Fund' has been announced as part of the Government’s Green GB Week.
Entrepreneurs and innovators in the private and public sectors are being invited to come up with ambitious, ground breaking capital projects to help drive a step change in clean growth in the Enterprise M3 LEP area.
Chair of Enterprise M3, Dave Axam, launched plans for the “Enterprise M3 Clean Growth Enterprise Fund” at an event in Hampshire to mark Green GB week.
Setting out initial details of the fund, Dave Axam said: "Our vision is the Enterprise M3 area becomes known at home and abroad for its high tech; high growth; low carbon economy.
"Our Strategic Economic Plan, just published, sets out how we want to focus our region’s economy – unique for its knowledge, digital and design based economy - on clean growth to drive productivity and international trade.
"The Government’s Grand Challenges of Clean Growth and Future Mobility are 'Great Opportunities' to Enterprise M3 and our 'Clean Growth Enterprise Fund' is about the LEP investing with businesses and other partners to deliver clean growth results."
"The 'Enterprise M3 Clean Growth Enterprise M3 Fund' will support capital projects needing between £1 million and £5 million investment from Enterprise M3 LEP, with at least 50% match funding from the applicant. We will be looking for projects of considerable scale and impact which would fully exploit the outstanding strengths in our area of advanced digital and data technologies, and would deliver clean growth."
The fund was announced at the 'Accelerating the Clean Economy in the South' event attended by businesses, academics and other clean growth experts. Other speakers included Industrial Strategy Minister, Lord Henley; the Vice-Chancellor of the University of Southampton, Sir Christopher Snowden and Dr Tim Woodfine, Director of Conservation at Marwell Wildlife.
A more detailed prospectus on the fund is expected to be published by the end of the year.
In the meantime, we would be very pleased to hear early ideas , and anyone with ideas for proposals or with enquiries can contact Jennie Pell by email: Jennie.Pell@enterprisem3.org.uk