Low Carbon Innovation Fund

The Low Carbon Innovation Fund (LCIF) was a venture capital fund based in Norwich, United Kingdom, specifically targeting Small and Medium-sized Enterprises (SMEs) located wholly or partially within the East of England. Managed by the University of East Anglia (UEA) through its commercial arm, Adapt Low Carbon Group, LCIF's core mission was to support businesses contributing to the low carbon economy. This encompassed a broad range of sectors focused on sustainability, renewable energy, energy efficiency, and other innovative environmental technologies.

During its active investment period, LCIF deployed significant capital to foster growth in its target region. The fund had a total value of approximately £20 million (equivalent to about $25.4 million USD), demonstrating a substantial commitment to regional green innovation. LCIF typically provided equity finance ranging from £25,000 to £500,000 (approximately $31,750 to $635,000 USD) per investment, tailoring its support to the specific needs and growth potential of each SME. This strategic funding aimed to accelerate the development and commercialization of low carbon solutions.

Over its operational lifespan, the Low Carbon Innovation Fund successfully invested over £10.5 million (approximately $13.335 million USD) into 38 distinct SMEs, playing a vital role in the East of England's clean tech ecosystem. However, it is important to note that LCIF is now fully invested and is no longer making new investments. While the fund continues to manage its existing portfolio companies, providing ongoing support and working towards exits, it is not actively seeking or deploying capital into new ventures. This transition marks a shift from an investment deployment phase to a focus on portfolio management and realization.