SPONSORS OF REGIONAL FOCUS
COMMERCIAL PROPERTY
The Great Yarmouth and Lowestoft areas provide an established commercial property base with a useful mix of office and industrial property to match most requirements.
The increase in activity in the offshore wind industry, in particular, has increased the demand for commercial property in the area.
LOCATION
The principal reason for this being the geographical position of the two towns providing ease of access to the South North Sea. They have seen new entrants into the local market place as well as established companies in their area, who are seeking to acquire new or larger premises to meet the increasing workload from the offshore wind industry.
VIRTUAL TENANCY
Of significance is the rise of virtual tenancies where companies across Europe are seeing the importance of this geographical area to the industry and want to have a base here. There are development opportunities springing up for office and industrial units in and around both towns and they are confident that any company with a serious requirement can be offered the right accommodation.
Bycroft Commercial
www.charlesbycroft.co.uk
http://www.windenergynetwork.co.uk/enhanced-entries/bycroft-commercial/ FUNDING
Small or medium sized businesses across the eastern region producing green products or services, as well as those reducing their operational carbon emissions, may be eligible to apply for venture capital support.
The Low Carbon Innovation Fund (LCIF), based at the University of East Anglia (UEA) uses £8M of public money from the European Regional Development Fund alongside £12M raised from private co-investors. LCIF will invest between £50,000 and £500,000 comprising of up to 40% of any given round of investment. The balance of the funding round should come from private sector co-investors.
The fund is not sector specific but there are key areas where large numbers of applications are anticipated - the renewable energy sector being one of them. Investments to date have been in the water industry and automotive sectors.
EAST OF ENGLAND LOCATION ADVANTAGES
As the East of England builds on its position as a leader in the low carbon sector many businesses are seeking to relocate here to benefit from the localised growth and the Fund will be able to invest in eligible companies making such moves.
HELPFUL LINKS
Anyone seeking investment for a venture or interested in co-investing with the LCIF is asked to visit www.lowcarbonfund.
co.uk
The Low Carbon Innovation Centre at UEA operates the fund in partnership with the selected Fund Manager, Turquoise International (http://www.
turquoiseassociates.com) who have a strong track record in fundraising, investments and asset management focusing on energy and the environment, including renewables and cleantech.
The Low Carbon Innovation Centre seeks to accelerate the uptake of carbon- reducing processes and technologies, and help stimulate low-carbon economic growth. It specialises in the provision of low carbon and energy-related consultancy and contract research including services to help organisations and communities identify and reduce their energy consumption and carbon footprint.
Low Carbon Innovation Centre
www.lcic.com
http://www.windenergynetwork.co.uk/enhanced-entries/low-carbon-innovation-centre/
LOW CARBON INNOVATION FUND
The East of England’s low carbon credentials were enhanced last year by the launch of a multi-million pound fund to help finance low carbon innovation.
www.windenergynetwork.co.uk
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