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 our Local Enterprise Partnership area.
Chair of Enterprise M3, Dave Axam, launched plans for the growth fund at an event in Hampshire when he pledged to turn Green GB Week into Green GB Everyday.
Speaking at ‘Accelerating the Clean Economy in the South’ Mr 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 ‘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.”
Dave also highlighted outstanding examples of the LEP’s strong track record supporting environmentally friendly activities. They include: nearly £23.5 million in sustainable transport in our cities and towns, including Basingstoke, in projects such as cycle paths, train station improvements, wi-fi on buses and the launch of just over £2 million of European funding for low carbon activities.
Enterprise M3 Chief Executive Kathy Slack urged eligible businesses to put themselves forward for funding, and said: “We want to start talking with all organisations and businesses, including universities, corporates, SMEs and entrepreneurs, driving clean growth in the Enterprise M3 area. Linking up ideas around the key areas of clean growth, digital and knowledge-based industries is the way forward, and it’s an opportunity to drive down costs.”