OxFutures partnership starts £3.2m European project
Oxford’s Low Carbon Hub has led a winning bid for £1.6 million of European Regional Development funding that will be used to foster low carbon economic development in the county over the next three years.
The funding will be matched with a further £1.6 million, the majority coming from six partners involved in the bid and a strong history of working together. These include five Low Carbon Oxford members – Low Carbon Hub, Oxford City Council, Bioregional, Oxford Brookes University and University of Oxford – along with Cherwell District Council.
Building on the success of OxFutures’ first phase – a four-year EU-funded programme that resulted in £18 million of investments into local renewable energy and energy efficiency projects – the project’s partners will work to increase the number of innovative low carbon businesses by facilitating the sharing of knowledge between academics, local authorities, and small to medium enterprises (SMEs) and offering grants for new products, start-ups and energy-efficiency measures. This will ensure that even more of the £1.5 billion that Oxfordshire spends annually on energy stays in the county.
SMEs wanting to apply for grant funding and/or apply for a free energy audit should contact the Low Carbon Hub