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Ultra-energy efficient lighting could transform Britain's homes and energy use with a new Government initiative to encourage innovation and research in the lighting industry.
A £1.2m research fund from the Technology Strategy Board and the Department for Environment, Food and Rural Affairs (DEFRA) aims to help companies become market leaders in the best ultra energy-efficient lighting, while contributing to reduced energy consumption in our homes.
Businesses will be invited to compete for contracts through a Small Business Research Initiative (SBRI) competition, which will be run in two phases. In the first phase, companies will be awarded up to £40,000 to carry out technical feasibility studies, lasting up to three months.
In the second phase, proposals with the most promising technologies will receive up to £450,000 to develop and evaluate prototypes or demonstration units, which will then be subjected to a vigorous six-month field trial.
Environment minister Dan Norris said: “Moving towards a more sustainable, low carbon and resource efficient future is vital for our environment, but also offers great opportunities for economic growth and job creation. This exciting competition could bring enormous benefits both for British businesses and for consumers.
“The more efficient lighting is, the more money consumers save on energy bills and the economy will benefit from new jobs and new manufacturing helping Britain to lead the global market for low carbon technologies.”
The January/February 2012 issue of Your Mortgage is on sale now. In it we feature expert predictions on what will happen to house prices, interest rates and the wider economy in 2012. We also explain the latest State help for first-time buyers, weigh up the relative merits of offset mortgages, and offer handy hints and tips on making sure you have the right home insurance in place. Plus we have all the regular features and our invaluable mortgage basics section. Get your copy now for the latest news, information and help
The Your Mortgage Awards aim to reward those lenders that have excelled in providing innovative and competitive products. Widely regarded as the UK's definitive consumer mortgage awards, the Your Mortgage Awards have now been running for 21 years.





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