Liz Smith MSP has expressed her delight at the UK Government investing almost £400,000 in a Kinross ‘green’ firm.
The Scottish Conservative politician was reacting to the announcement made today (Tuesday) that more than £116 million in new Government funding will boost green innovation across the UK as efforts to help businesses reduce their carbon emissions continue.
This government funding will support companies across the UK to put cutting-edge technology in operation, which will stimulate further investment from the private sector, and help develop UK expertise in this area.
Commenting, Liz Smith MSP, who represents the Mid Scotland and Fife region, said: “This is great news for Kinross. The investment will see the projects receiving this money play a key part in the UK’s green industrial revolution, putting British business at the forefront of green innovation - helping to generate green jobs and kickstart millions of pounds of private sector investment.
“LIND Limited in Kinross will receive £385,595 to develop new heating technology using low carbon energy storage, which is fantastic news.
“The money provided to the companies will help develop new technologies that increase energy efficiency in homes and buildings, reduce carbon emissions, boost the UK’s energy security and provide cleaner ways to generate power and heat.”
The investment comes from the Energy Entrepreneurs Fund (EEF), which is a programme funded through the BEIS £1 billion Net Zero Innovation Portfolio.
The EEF supplies innovation grants for small to medium sized enterprises and start-up companies to back the development and demonstration of disruptive technologies whilst also supporting the UK Government’s decarbonisation targets.
