The scheme, known as Carbon Vision, is intended to match demands from business for low carbon technologies against those university research and development departments that are best able to carry out the particular research.
“This project is about targeting new money into the low carbon sector in a way that can achieve effective results,” said Dr David Vincent, Technical Director of the Carbon Trust. “It is science with a business edge.”
The total investment will be committed over three to four years, with the Carbon Trust contributing £7 million, and the other half provided by partner organisation the Engineering and Physical Sciences Research Council (EPSRC), a governmental funding agency for research and training in engineering and physical sciences. The first awards are expected to be made in mid to late 2003.