The UK Government have given the Carbon Trust £18m extra funding for clean-tech companies, many of which are struggling for investment in the current economic climate.
The extra funding will be welcomed by UK clean-tech companies, some of which are well placed to become world leaders in areas such as marine, fuel cell and solar technologies.
Analysis from the Carbon Trust predicts that early investment in offshore wind and marine energy alone could help to deliver a £70bn boost to the economy and almost 250,000 jobs by 2050.
Energy and Climate Change Secretary, Ed Miliband, said the additional £18m in funding will help "safeguard" a new generation of promising renewable technologies. "Supporting green start-up companies with this capital means innovative ideas for low-carbon energy will be able to make it out of the lab and into the future energy mix,"
The Carbon Trust has been instrumental in venture capital and grants for emerging clean-tech companies to move towards a low-carbon economy.
The extra funding will be welcomed by UK clean-tech companies, some of which are well placed to become world leaders in areas such as marine, fuel cell and solar technologies.
Analysis from the Carbon Trust predicts that early investment in offshore wind and marine energy alone could help to deliver a £70bn boost to the economy and almost 250,000 jobs by 2050.
Energy and Climate Change Secretary, Ed Miliband, said the additional £18m in funding will help "safeguard" a new generation of promising renewable technologies. "Supporting green start-up companies with this capital means innovative ideas for low-carbon energy will be able to make it out of the lab and into the future energy mix,"
The Carbon Trust has been instrumental in venture capital and grants for emerging clean-tech companies to move towards a low-carbon economy.
