Green Small Businesses Offered EU Grants

Green Small Businesses Offered EU Grants

Small business owners needing cash to get their ideas for green products and services off the ground can now apply for the European Commission’s new €35 million eco-innovation fund.

The fund is part of the EU’s Eco-Innovation scheme, which is now in its second year. Funding is available for new projects within the following areas:

  • recycling
  • sustainable building products
  • food and drink
  • green business practices.

Grants for up to 50% of the total project cost are available and applications from small and medium-sized firms are “particularly welcomed”.  

“In the past, we have seen a highly enthusiastic response to our call for funding, with many high quality applications,”

said Patrick Lambert, Director of the Executive Agency for Competitiveness and Innovation (EACI), which is responsible for managing the funding scheme.

“I believe these new projects will greatly contribute to Europe’s green growth agenda.”

Projects will be judged on their innovative approach, how they could be replicated in the marketplace and how well they contribute to European environmental policies ― particularly with regard to resource efficiency.

Previous ideas that successfully attracted funding include a new type of milk bottle made of recycled paper and plastic, new methods of recycling used nappies without harmful emissions and the replacing of conventional paper labels with innovative laser technologies.

To apply, firms must be based within the EU. Applications must be made online and the deadline for entries is 9 September 2010.

Visit the Eco-Innovation website for more information about the fund and to download the application details.

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