Grant Scheme - Eastern New Energy
The ENE project has received funding from the England European Regional Development Fund as part of the European Structural and Investment Funds Growth Programme 2014-2020. The Ministry of Housing, Communities and Local Government is the Managing Authority for European Regional Development Fund.
What is the Grant Scheme?
Eastern New Energy aims to help build a stronger Local Energy / Low Carbon Economy in the East of England. It will provide support to a range of local activity. As well as the project's impartial energy efficiency, generation, and storage support, it will provide discretionary grants to catalyse investment in energy initiatives by small to medium sized enterprises (SMEs).
The support and grants are designed to encourage SMEs to invest to reduce carbon emissions and realise the associated business benefits of reduced operating costs and long-term resilience. Support will be available until late 2021, subject to availability and on a first come, first serve basis.
Who can apply?
The project is offering assistance to small and medium sized enterprises (SMEs) with a focus on high end energy users (1,000,000+ kWh per annum). Smaller energy users can be considered. There are eligibility criteria that organisations will need to meet. Further information on the Eastern New Energy eligibility criteria is available upon request.
However, if the following 4 statements are TRUE an organisation is usually eligible for support:
1. Other organisations own less than 25% of the shares or voting rights of the applicant organisation and the applicant organisation owns less than 25% of the shares or voting rights of another organisation. If this is not the case, the applicant organisation is 'linked' to one or more organisations, but we should still be able to help if 2-5 are TRUE.
2. Your organisation is an enterprise engaged in economic activity in England.
3. For the last 3 years, your organisation plus any 'linked' organisations have employed fewer than 250 FTE staff and have either a) an annual turnover not exceeding £40 million or b) an annual balance sheet total not exceeding £35 million.
4. In the past 3 years, your organisation plus any 'linked' organisations have received less than €200,000 (approximately £178,000 at July 2020) worth of publicly funded assistance (for example, support, grants, or reliefs).
The project is unable to support businesses from certain sectors including (but not limited to):
- Fisheries or aquaculture
- Agriculture or the processing of agricultural products
- Synthetic fibres
- Banking & insurance
- School age education