Low Carbon Archives - Destination Chesterfield

D2N2 LEP launches new Low Carbon Growth Fund

7th December 2021

Small and medium-sized businesses, public sector organisations, and community groups developing low carbon projects across Derby, Derbyshire, Nottingham, and Nottinghamshire are being urged to apply for investment through the D2N2 Local Enterprise Partnership’s new Low Carbon Growth Fund.

The ground-breaking fund will invest £6.5 million in low carbon capital projects. They will create a pipeline of investable propositions that can be match funded to help our region meet high carbon dioxide output challenges and unclean industrial practices.

Through the funding, the D2N2 LEP aims to support a wide range of innovative low carbon projects from across Derby, Derbyshire, Nottingham and Nottinghamshire. Successful projects must identify new and innovative ideas, and must be able to clearly demonstrate current or future carbon reduction, including carbon sequestration.

Projects awarded funding will be encouraged to support local supply chains, helping to create new jobs and must be able to start delivery in the 2022/23 financial year. Funding will be capped at £1.5 million of D2N2 funding per project to enable the pot to invest in numerous key strategic investments.

The fund will support national and regional policy, including HM Government’s “Net Zero Strategy: Build Back Greener” and the “The Ten Point Plan for a Green Industrial Revolution.” Both set out ambitious targets for carbon reduction and incentivise investment in the public and private sector into green and carbon saving projects.

Elizabeth Fagan CBE, Chair of the D2N2 LEP, said: “The recent COP 26 UN Climate Change Conference in Glasgow highlighted the urgent need to take action now. The launch of our Low Carbon Growth Fund signals our region’s commitment to reduce carbon emissions and support the growth of our green economy.

“Investing in low carbon capital projects will support the delivery of our Recovery and Growth Strategy and our strategic aim of delivering the UK’s largest carbon turnaround.”

Timelines

Expression of interest documentation publicised, and consultation process opened – 1st December 2021
Consultation for project sponsors to be closed – 12th January 2022
Submission deadline for all bids – 28th January 2022
Scoring process finalised – 11th February 2022
Projects informed of outcomes – 14th February 2022

An overview of the funding can be found here: Low Carbon Growth Fund | D2N2 (d2n2lep.org)

Should any potential project sponsor have a query about the call or any details relevant to this funding round then please contact Tom Goshawk at Tom.goshawk@d2n2lep.org or 07528398317. All questions and queries regarding this funding round must be made before the 12th of January 2022.

Local leaders to guide green growth and recovery in Derbyshire and Nottinghamshire

7th June 2021

As the UK transitions to a low carbon economy there are significant opportunities arising at pace from the changes to technology, methods of production and forms of consumption.

In response the D2N2 Local Enterprise Partnership has established a new Low Carbon Growth Group.

The group will convene and coordinate low carbon activity and programmes aimed at delivering opportunities for investment, business growth and jobs across Derby, Derbyshire, Nottingham and Nottinghamshire (D2N2).

The formation of the group comes as the Confederation of British Industry has set out its new UK Economic Strategy which emphasises decarbonisation as a critical factor in the UK’s economic recovery.

The new group aims to build on the LEPs ambitious plans to deliver the largest turnaround in carbon emissions in England, as part of its recovery and growth strategy. The group will also deliver on the goals of the UK’s Ten Point Plan for a Green Industrial Revolution.

The group will be chaired jointly by Becky Rix, D2N2 Board member and Marketing Director at Roadgas and Wayne Bexon, Interim Corporate Director for Growth and City Development at Nottingham City Council. Other members include representatives from a wide range of key local private and public sector organisations

On the group’s agenda is:

• Supporting the region to reach net zero
• Developing and enhancing greater coordination of low carbon investment plans
• Developing a portfolio of development opportunities to attract more government and private sector investment in the area.

Sajeeda Rose, Chief Executive at D2N2 said: “Underpinning the D2N2 Recovery and Growth strategy is our ambition to achieve the highest turnaround in carbon emissions in the country. Bringing together some of the region’s most influential experts to form the Low Carbon Recovery Group will provide the vision and action needed as our economy retools and moves towards a carbon-free tomorrow”

Becky Rix said: “I am delighted to be co-chairing the Low Carbon Growth Group and sharing my experience as we look for opportunities to deliver a low carbon agenda for the region. I think this as a very exciting time to be participating in the delivery of future developments as we focus on growth and a green recovery. I am looking forward to learning more about the opportunities and challenges, listening and learning from colleagues and ensuring collaboration for all interested stakeholders.”

Wayne Bexton said: “A Green Recovery has been referenced throughout the pandemic and this new group brings together expertise from across the private and public sector to target low carbon initiatives via a joined up approach. There is a unique opportunity ahead for carbon neutrality to be achieved alongside economic growth and Derbyshire and Nottinghamshire can be at the forefront for the UK on this agenda”.