Funding and Finance News & Opportunities

Within this page, you will find a whole host of funding opportunities that range from January 2021 to January 2022. A lot of information is included below, but should you have any questions on, do not hesitate to email us your queries (lowcarbonbusiness@derby.ac.uk).

New funding for Greenhouse Gas Removal research – learn more and make an application

The CO2RE Hub, the UK’s national research hub for Greenhouse Gas Removal, is inviting proposals to explore new methods for capturing greenhouse gases from ambient air or the marine environment and durably storing or converting them.

Projects which strategically address part of a removal method (such as capture, purification, or novel approaches to storage or conversion) will be considered, as well as full-chain methods.

This first Pathfinders invitation for applications is an open call seeking to fund UK projects of up to one-year’s duration at a cost of up to £50,000 each.

The closing date is 12.00 noon, 18 January 2022.

Find out more about the opportunity and how to apply.

NEW FUNDING OPPORTUNITIES

The British Business Bank and PwC Raise have published a three part webinar series (running from January – April 2022) to support smaller businesses to scale-up.  Covering investor readiness, valuations and term sheets, these webinars are now available to view on demand. Please see the links below should you wish to share them with any small businesses that may be considering a fundraise. For further information you can visit the webinar webpage HERE.

 

The following links will take you straight to the British Business Bank and PwC Raise webinars:

INVESTOR READINESS

VALUATIONS

THE TERM SHEET EXPLAINED

D2N2 GOVERNMENT FUNDING TRACKER

The D2N2 Local Enterprise Partnership has launched a new interactive tool to track UK government funding announcements.

The tracker has been developed to help partners, policymakers, and others to navigate the complex and evolving landscape of government funding more easily by collating information on funding in one place. For more information, visit HERE.

START UP LOANS AND MORE FROM THE BRITISH BUSINESS BANK

In the Autumn 2021 Spending Review, the government announced its plans for spending over the next three years from 2022/23. This included a number of measures to support smaller businesses to be delivered by the British Business Bank.

Business Bank with the resources to help drive sustainable growth and prosperity across the UK, and to enable the transition to a net zero economy, by supporting access to finance for smaller businesses. Find out more HERE.

VIRGIN MONEY – SUSTAINABILITY-LINKED LOANS

Virgin Money is launching sustainability-linked loans (SLL) for all UK companies. The SLLs, available in late Spring 2021, will reduce the cost of finance for those businesses whose core activities proactively help the economy transition to a more sustainable model. Virgin Money is the first bank in Europe to offer such loans in commercial banking. 

The methodology behind this was created by Virgin Money in partnership with Future-Fit Foundation and is delivered through a series of conditional questions, assessing current Environmental, Social and Governance (ESG) performance and helping businesses to prioritise and take action to make further progress. The outcome provides companies with an objective assessment of the negative and positive ESG impacts associated with their business activities, which are a necessary step toward reaching the 17 UN Sustainable Development Goals. For more information, visit HERE.