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The Low Carbon Innovation Fund (LCIF) is a venture capital fund, providing equity finance for SME’s based wholly or partially in the East of England. LCIF co-invests alongside private sector investors such as founders, angel investors and/or other funds to provide finance to early and growth stage businesses in a variety of sectors to enable them to develop.
The company must have an impact on carbon reduction by:
The fund can invest in companies that are:
LCIF is split into two streams, the Smaller Investments Scheme (SIS) invests between £25k and £75k and the Main Fund invests between £75k and £1M.
LCIF monies must always be invested alongside private sector co-investment (e.g. Business Angels, High Net Worth Individuals, other Funds or trade investors)
LCIF can invest up to 50% of the amount a company is seeking.
LCIF is a venture capital fund which provides investment to the company in return for a stake in that company. Low Carbon Innovation Fund therefore typically becomes a shareholder. In contrast, grant funders do not hold equity or another stake in the company.
Further information can be found via details on the right hand side.