The Next Generation Innovation Fund is working with 11 organisations to develop and test new business models on behalf of the community energy sector. Each project is provided with up to £100,000 of grant funding and the support of our consortium to develop their project ideas, test the real world application of their business models and share this learning to benefit the wider sector.
A variety of business models are currently being tested across England through the Innovation Fund, these include electric car clubs, heat pump trials, domestic flexibility services and setting up energy service companies for schools and new housing developments.
To be eligible for support through the Next Generation programme each of the projects must continue to demonstrate how they are guided by 4 principles:
Innovation: Each project is exploring a new direction in which the community sector could evolve in a post-subsidy landscape.
Business models: The funding provided is to test ideas which are not yet proven to work and get them off the ground, however the resulting projects aim to be self-sustaining business models which are not dependent on grants.
Community Impact: The projects encapsulate the Power to Change vision of creating better places through community business by benefiting and engaging local people.
Replication: business models and the associated learnings must be captured and disseminated for advancement of the community energy sector as a whole.
The Next Generation Innovation Groups
These projects are being showcased in our monthly ‘Innovation Lab’ webinar series alongside other innovative community energy business models. Recordings of previous webinars can be found on our Learning Page.
For more specific enquires the Next Generation team can be contacted at firstname.lastname@example.org.