Just one week left for UK green businesses to enter €500,000 funding competition
Green entrepreneurs and start-ups have just a week left to submit their entry if they want to be in the running for grants worth up to €500,000 from the Postcode Lottery.
The Postcode Lotteries Green Challenge is one of the world’s largest competitions for sustainable entrepreneurship and offers British, Dutch, German, Norwegian and Swedish start-ups a chance to access grant funding and secure a place on a dedicated accelerator programme. The deadline for this year’s competition closes at midday on 1st April.
Since the competition began in 2007, it has rewarded a variety of businesses, including bio-bean, a British company that recycles coffee for consumer and industrial markets, which won the top prize in 2014.
George May, Director and Chief Commercial Officer at bio-bean, said the funding from Postcode Lotteries Green Challenge was “a springboard” for the company. “The funds and business coaching helped us to expand our team and industrial facilities, not to mention the media attention and further investment interest we received off the back of winning the competition,” he said. “Postcode Lotteries Green Challenge is a fantastic opportunity for green start-ups looking to scale up their operations.”
The competition awards €500,000 to the overall winner while the runner-up receives €200,000 and the three other finalists receive €100,000 each. All the finalists have the chance to participate in a bespoke accelerator programme to identify the biggest challenges they face and provide mentorship and valuable connections to tackle them.
Clara Govier, managing director at