Over the first two years of our current Grant Funding Agreement period with Innovate UK (April 2023-March 2028), we’ve provided in-depth support to more than 180 SME clean tech innovators, who have collectively raised £205 million in investment and funding.
We’ve supported trials and demonstrations at home and abroad, helping to shape and open ‘green’ markets around the world. We’ve helped innovators better understand their target markets and the commercial viability of their products and services. For instance, in 2024/25, innovators such as IONATE, Caldera (who ran a two-year trial in our Living Lab), and LiNa Energy (who we supported to run a pilot project in India), collectively raised over £25 million to help accelerate their growth. It’s exciting to see so many of the businesses we’ve worked with growing and leading the way to a cleaner, greener future.
Since 2018, we have provided in-depth support to over 270 SMEs, who have collectively raised more than £560 million in investment and funding; and we’ve provided lighter-touch support to a further 312 SME innovators.
One of our focus areas is helping drive innovation in zero carbon domestic energy propositions. A highlight has been supporting innovators developing inclusive smart solutions for low income and vulnerable consumers through a multi-million pound Department for Energy Security and Net Zero-funded programme. We look forward to seeing where the partnerships with Homely, Changeworks, equiwatt, and Repowering London go next.
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