Newhaven Enterprise Zone
Newhaven Investment Fund

Low Carbon Investment Fund

– 2023-2026 –

04 Low Carbon Investment Fund

The Low Carbon Investment Fund is for any company operating in Newhaven that wishes to pursue business growth by developing low carbon products and/or incorporating low carbon processes or services. This may be achieved through pure research and development (R&D), capital investment or environmental aid support.

This grant is primarily focused on supporting projects that will help the transition to a low carbon economy. This may include, but is not limited to, developing:

  • A new product or service, or introducing new technology that will use less energy, produce less waste, reduce emissions and use less raw material in its manufacture than the existing alternative.
  • New business models based on the principles of the circular economy – for example, through circular supplies, resource recovery, product life extension, use of sharing platforms or delivery of ‘product-as-a-service’.

Projects will need to meet the following criteria:

  • SME business operating in Newhaven
  • Leverage investment (25% match funding)
  • Demonstrate net zero benefits
  • Will be delivered within a 12-month period

Energy Efficiency
The fund will provide grants to cover up to 75% of energy efficiency project costs, with a maximum of £10,000 per grant. The fund can be used to make changes to business premises and business operations to reduce their carbon footprint from energy consumption. This might include:

  • Changing to a low carbon heating system.
  • Installation of low and zero carbon-generating technologies, such as solar PV, biomass and micro-wind.
  • Building fabric upgrades such as insulation, energy-efficient lighting, draught-proofing, double or triple glazing.

Green Innovation
The fund will provide grants to cover up to 75% of project costs, with a maximum of £25,000 per grant. The grant is available to businesses offering low carbon goods or services, which improve the environment, can be considered to lower the environmental impact of customers, or work as part of the supply chain for other businesses who do work around the environment.

Newhaven
Unleashed

Back to Hub

    Section 1 – Contact Information

    Section 2 – Tell us about your business / organisation

    Section 3 – Project Summary

    Please enter the value of the investment funding required (indicative):

    Section 4 – Indicative Outputs

    Please list the expected outcome that would be secured as a direct result of the Newhaven Enterprise Zone Investment:

    (1) Grants will be paid on completion of the project. Projects that have already started or completed cannot be retrospectively funded.

    Section 5 – Eligibility Checklist

    Please confirm your organisation’s eligibility by answering the questions below:

    Your project will operate in the Newhaven BN9 postcode area

    To be eligible, businesses must meet the following criteria:

    Fewer than 250 FTEs (full time employees)

    A balance sheet of less than £39M

    Turnover of less than £44m

    Have a business bank account

    Are able to provide evidence of full-time trading i.e., bank statements, 2 Years of accounts etc

    The applicant does not have a County Court Judgement

    The applicant is not in debt to Lewes District Council

    The applicant has not received more than £315,000 of state aid (in the last three years)

    The applicant will provide a minimum of 50% match funding investment towards the project

    Section 5 – Declaration

    I confirm that the information provided above is accurate and if successful the company will be submitting a full application.

    Signature*

    An expression of interest does not constitute an application for or an agreement to funding.