Mills & Reeve advises Low Carbon Innovation Fund on investments worth £7m
Mills & Reeve acted for venture capital fund, Low Carbon Innovation Fund (LCIF), on a series of investments totalling approximately £7 million last year.
LCIF is operated by the University of East Anglia and supported by the European Regional Development Fund. The fund makes early stage investments into small and medium-sized businesses (SMEs) in the East of England that are developing low carbon processes and products. In 2014, LCIF completed a series of investments in low carbon companies, raising an aggregate of almost £7 million in SMEs in the region.