Offered through two packages the Greenhouse Gas Savings Fund and the Innovative Resource Efficiency Projects Fund - the money will help SMEs to cut greenhouse gas emissions from using their resources more cost-effectively.
CO2Sense Yorkshire operations director Andy Hartley said: Our key aim is to increase the competitiveness, capacity, quality and scale of companies in the resource efficiency sector in Yorkshire and Humber. These funding packages will help businesses to grow and prosper, increasing regional competitiveness, and generating the expertise to transform Yorkshire and
Humber into a low carbon economy.
Firms which hope to reduce waste, reuse, recycle more and save energy and water will be able to bid for the Greenhouse Gas Savings Fund. It is hoped the extra cash will enable firms to hit targets for CO2 emissions reductions, the amount of waste diverted from landfill and business growth.
Projects which increase the uptake of environmental advice, offer support to businesses about resource reduction and offer innovative solutions for priority materials and sectors will be eligible to tender for the Innovative Resource Efficiency Projects Fund.
The previous round of funding saw firms receive between £5,000 and £75,000.