1. LOW CARBON FUNDS FOR SMEs SBN Winchester 9th December 2016

2. Today Who are Future South What do we do Where are the funds
How to win
Do’s and don’ts
Hampshire Community Bank
A case study
David Green Award
Q and A

3. Future South (previously Future Solent)
Greentech South
Hampshire Community Bank
Energise Solent
Energy Company
Energy Projects

4. Future South Support to Business
£4 Million grant scheme to assist companies in commercialising low carbon ideas
Find new markets for export
Facilitate 200 Greentech apprenticeships with SMEs within 2 years

5. Delivered to Date £30m total inward investment
Total of £1.1 million awarded as grants to 20 businesses allowing them to create low carbon innovations, renewable energy and energy efficiencies.
Supporting the creation of 226 jobs (as at July 2016) average salary c£27k
Attraction of £5.3m in private investment
80+ companies intensively supported

6. Who has the funds Innovate UK BEIS DCLG Other Govt depts.
Local Enterprise Partnerships – EM3 and Solent LEP
EU H2020 SME Inst
Crowd funding
Angel
Venture Capital

7. What purpose Renewable Energy Innovations Energy storage
Energy efficiency/audits
Reduce CO2
Waste to Energy
Smart Cities/IOT
Air pollution

8. Prepare Have a very clear project in mind Research research research
Find help/Get an innovation voucher
What are the required outputs and work back from them
What is your USP How are you different What is your idea Have you protected it
Check state aid rules
Make the business case Find match funding
Understand market/competition/cash flow/risks/

9. What help is available National Contact Points
Enterprise Europe Network
EM3 and Solent Growth Hub
University Business Schools
Innovation vouchers

10. Bidding for Funds 2 Stage Process EOI - Expression of Interest
(get match in place/prep business case/3 year cash flow/state aid rules)
Full Application
Funds - job creation (£6,000 typical per job creation) or CO2 reduction or new product process service

11. Do’s and don’ts It’s not worth a punt!!
Do get help - Ask a critical friend to review
Don’t try and fit your idea into a fund - Respond to the NEED and the OUTPUTS
Do show how you will take it to market
Keep Good Records – You WILL be Audited!!

12. Why do Companies fail? Don’t tell the whole truth at EOI
Don’t answer the question
Don’t know what their USP is!!!
Try to force their idea into the wrong fund
Don’t have the match/team/evidence ready
Don’t prove there is a market for the product or how they will take it to market
Don’t show how they will be sustainable

13. Hampshire Community Bank
Raised £10 million
Ready to lend to Hampshire SMEs
Based on the German Regional Banks Model
Lots of hurdles to overcome
Focus will be on Green Sustainable Projects

14. Case study - REAP Sector – Battery storage
Need – Improve battery performance and life
Use: In Boats and vehicles to reduce emissions
Team – Experienced team no prior fund bids
R and D – In house. Match – 20% from Investors
Funds – Applied to Green Growth & Innovate UK
Made the business case and won £1.2 million
Why – Researched mkt and brought in bid writer

15. David Green Award