The North West Development Agency is offering small and medium sized companies the chance to access £2m of grant funding to develop and demonstrate innovative technologies that reduce carbon emissions.
Working alongside Envirolink Northwest, the grant funds for carbon reduction technologies will be available to companies working in a number of categories including waste treatment and recycling, water pollution, air pollution, land remediation and energy generation and efficiency.
Funding has been made available through the North West Development Agency's and European Regional Development Fund's grant for research and development. The scheme is also part of the NWDA's North West climate change action plan.
The ERDF's grant for research and development is part of Solutions for Business, the Government's package of publicly funded business support designed to help companies start and grow. It helps entrepreneurs and business owners introduce innovative products and processes, including research trials and product testing.
The NWDA said that grant funding between £20,000 and £250,000 for up to 40% of the project costs is available for small and medium sized companies to invest in the carbon reducing projects.
Steven Broomhead, chief executive of the NWDA, said: "The NWDA has an important role to play in ensuring businesses within the North West are able to seize all opportunities for growth as we move towards a low carbon economy. The Carbon Reduction Demonstrator Awards will allow SMEs to innovatively develop carbon reducing technologies and be the first key players within this increasingly important sector.
"The NWDA has provided a massive boost to businesses in the region with access to business finance throughout the recent difficult economic period and will continue to offer a service that can be accessed in a straightforward and convenient way."
- The NWDA said applications can be made online at the NWDA's Finance for Business website