The Carbon Trust is expanding its business incubation scheme to support an extra 25 cleantech companies with up to £70,000 of funding each.

The Carbon Trust is expanding its business incubation scheme to support an extra 25 cleantech companies with up to £70,000 of funding each.

The scheme, which helps start-ups and spin-outs attract investment, has supported 90 companies so far which have raised a total of £86 million in private funding.

David Raval, head of the Carbon Trust incubation scheme, says, ‘The UK has led the development of many low carbon technologies, but we must nurture and harness the UK’s spirit of innovation and ingenuity to generate the maximum economic benefit from the global clean tech revolution.’

Six early-stage business growth consultancies will lead the delivery of the support: Angle Technology, CLT, Conduit Partners, E-Synergy, Isis Innovation and TTP.

A further five organisations, including Manchester’s UMIC and London’s Imperial Innovations, will help ‘scout’ for promising low carbon technologies across the UK.