Shifting the UK to a low-carbon economy presents an enormous challenge. Perhaps the biggest challenge of our generation.
At Shell, we’re playing our part by setting an ambition to cut the net carbon footprint of our energy products by around half by 2050 and by providing more and cleaner energy solutions, like charging points for electric vehicles and lower-carbon biofuels. But the challenge is much bigger than any single company or solution – which is where entrepreneurs come in.
Shell Springboard is a national programme that awards £350,000 no-strings funding to support cutting-edge low-carbon UK SMEs every year. Alongside the funding, the programme also helps wining SMEs open doors and attract investor interest by generating positive publicity and providing a respected ‘quality assurance’ stamp. Last year’s winner Seawater Greenhouse, whose cool house technology allows crops to grow in arid regions, has further expanded its work in Somaliland, while 2017’s winner, Upside Energy, has recently secured an Innovate UK grant worth £470,000.
By helping businesses in the low-carbon sector through the Shell Springboard and Shell LiveWIRE programmes, both the UK and Shell stand to benefit from stronger economic growth and a deeper pool of innovators able to develop solutions for a lower-carbon world. Since 2005, Shell Springboard has provided over £4 million to more than 100 innovative low-carbon enterprises. More than eight in every ten (84%) Shell supported companies are still in operation within five years, compared to the national average of approximately 45%.
Supporting young entrepreneurs with sustainable business ideas that address the UK’s future transport, energy, natural resource or urban development needs.