Thursday, 11 September 2008

Free cash for UK greentech SMEs

Shell Springboard is offering grants of up to £40,000 for small UK businesses with viable carbon-busting technologies. Closing date for applications is 7th November 2008.

Since 2005, Shell Springboard has attracted over 500 applications from small business owners throughout the UK. 75 businesses have meet with regional judging panels and 25 of those have been supported with funds. You can read some of their stories here.

Shell comes in for a lot of criticism, much of it justified, and we could be forgiven for labelling this activity window-dressing. Certainly the investment is a drop in the ocean compared with Shell's annual profits. But without their support, some of these small businesses would not have had the funding to grow, and might not have survived the first difficult years of trading. So, credit where it's due - and the best of luck to all those competing for this year's award.

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