Low Carbon Innovation Fund dishes out £1.7m

The Low Carbon Innovation Fund (LCIF) has made its latest investment of £1.7m in three companies.

Investments in Colchester-based Push Energy (£750k) to develop ground mounted PV systems, wireless control specialist IMiHo (£200k) and Cambridge-based energy monitoring firm GEO (£750k), brings the LCIF’s total investment portfolio to 15 companies.

The LCIF is an investment fund managed by Turquoise International on behalf of the Low Carbon Group at the University of East Anglia and supported by the European Regional Development Fund (ERDF). The LCIF has £20m ERDF funding that will be combined with over £30m private sector investment to generate a total of more than £50m of low carbon investments.

Desmond Astley-Cooper, director at Turquoise International, said: “Turquoise and the Low Carbon Innovation Fund are committed to supporting innovative clean technologies and business models which will deliver genuine commercial value. Push Energy, AMiHo and GEO have all produced strong business plans which offer real benefits to UK and global customers. We are delighted to be able to assist such companies in achieving further commercial success.”