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ENERGY SECTOR VIEW
PLOTTING OUR GREEN FUTURE
A powerful new project aims to place Lancashire at the heart of the low carbon revolution and a net zero focused drive for Covid recovery.
The official launch of RedCAT - the Lancashire Centre for Alternative Technologies – comes as climate change once again moves up the political and economic agenda.
New government commitments announced just weeks after its launch aim to put the UK on course to slash its carbon emissions by 78 per cent by 2035.
That requires more electric cars, low-carbon heating, renewable electricity and cutting down on meat and dairy consumption.
The COP26 global summit to be held in Glasgow in November will also see representatives from more than 200 countries meet to discuss the climate crisis and how to tackle it on a global level.
RedCAT’s mission is simple. It will look to fund new green tech development and drive diversification from the county’s automotive and aerospace industries into low carbon tech, to support sectors and jobs under stress because of the pandemic.
The ultimate vision
is to see innovative low carbon products manufactured here and exported across the globe
The ultimate vision is to see innovative low carbon products manufactured in Lancashire and exported across the globe to power developing communities.
RedCAT’s work is to build ‘end-to-end commercialisation funding’ and support for those technologies, accelerating that journey through capital investment at every stage – from R&D to demonstration, first sale and onto scaleup.
Those behind the project say that investment will come from a mix of public, private and venture capital and equity sources eager to put their money behind viable tech projects sourced and fully researched by RedCAT.
The vision is for the centre, based at East Lancashire Chamber of Commerce’s offices in Clayton-le-Moors, to eventually operate on a national scale.
The not-for-profit venture, launched in late March, has been pump-primed by £1.5m from the government’s Getting Building Fund.
Housing Secretary Robert Jenrick has high hopes for it and believes it will also play a role in the government’s levelling-up agenda.
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