The Boosting Access for SMEs to Energy Efficiency competition is aimed at accelerating the growth of the energy services market for SMEs by driving down transaction costs and promoting third party investment in small-scale energy efficiency projects.
The competition will make available £6m of funding for innovative, scalable business models or solutions that facilitate investment for small energy efficiency retrofit/refurbishment projects in commercial and industrial buildings in the UK.
In turn, this will contribute to the Government’s ambition to enable businesses to improve energy efficiency by at least 20% by 2030. Projects are envisaged to fall broadly into three categories:
- Business models that look to simplify and standardise elements of the investment; or
- A new technical tool/solution, such as a platform which provides a standardised method of assessing and displaying potential savings from a portfolio of buildings, or to match potential businesses who want to install energy efficiency with technology providers.
- Other innovative solutions to facilitate investment in energy efficiency for SMEs.
It is anticipated the BASEE competition panel will approve up to 10 projects at Phase 1 at a value of up to £100K each. Only those projects approved at Phase 1 will have the opportunity to develop and submit an application for Phase 2 funding; this funding is likely to be awarded to up to 5 projects at a value of up to £1m each. The deadline for applications for Phase 1 is 8th May 2019.
Further information on the competition can be found at: BEIS BASEE Competition
Please get in touch if you wish to discuss this opportunity with us.