1 April 2019
Innovation competition offers up to £6 million of funding for innovative solutions that encourage energy efficiency
The Boosting Access for SMEs to Energy Efficiency (BASEE) competition is offering up to £6 million of funding for innovative solutions that reduce transaction costs and encourage the take up of energy efficiency by SMEs in the commercial and industrial sectors.
BASEE will help address some of the key market failures faced by SMEs such as:
- lack of economies of scale
- high upfront capital costs
- high transaction costs
- difficulty accessing finance
The competition is open to all organisations that can demonstrate a route to market, including:
- large enterprises
- academic, financial, research, public and third sector organisations
Phase 1 (feasibility studies) is now open to applications. You must pass Phase 1 to be eligible for Phase 2 (piloting of solutions).
The closing date for submitting Phase 1 bids is 8 May 2019.
An information day will be held on the 20 March 2019 and, for those who cannot attend, a webinar is planned for 26 March 2019.
If you are interested in the BASEE competition you should register your interest by emailing BASEE@ricardo.com.