Applications for Round 2 of Next Generation innovation fund open 1 July
27 June 2019
The application window for a second round of funding from the Next Generation innovation fund opens on Monday 1st July.
Applications are invited from well-established and experienced community energy businesses in England who want to develop innovative business models, building on their past achievements.
The first round of funding took place in December 2018-February 2019 at which five groups were selected to move forward into the Research and Development stage.
The next five groups will be selected at the second application round which will be open from 1st July 2019 to midnight on 15th September 2019.
The Fund offers 3 elements of support for successful applicants:
- Research and development support - The opportunity for successful applicants to work in partnership with the Next Generation consortium and others to develop their ideas into a business plan for an innovative community energy business.
- Grant funding - If a strong concept, delivery plan and budget can be demonstrated in the R&D stage there is the opportunity to apply for grants of up to £100,000 to help you deliver a new community energy business model.
- Learning and peer networking - The opportunity to be part of a peer network which facilitates learning and dissemination between the groups and the wider energy sector to help the sector to move beyond the traditional subsidy-supported approach as the Feed in tariff is no longer available and the sector needs to find new models in order to continue developing.
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The aim of Next Generation is to create a step change in the development of genuinely sustainable, financially viable and innovative community businesses, helping to raise the profile of place-based community energy activity with policy-makers and industry.
The initiative is funded by Power to Change, the independent trust that supports community businesses in England.