MD1519 Mayor’s Low Carbon Entrepreneur Programme: 2016 & 2017

Type of decision: 
Mayoral decision
Code: 
MD1519
Date signed: 
02 July 2015
Decision by: 
Boris Johnson MP (past staff), Mayor of London

Executive summary

The Low Carbon Entrepreneur (LCE) competition is a Mayoral manifesto commitment, which promotes and celebrates student innovation, employability and entrepreneurship and helps reduce carbon emissions.

The LCE competition has run for 4 years expanding its engagement each year. The 2016 and 2017 prizes will build on this success.

The corporately sponsored development fund awarded to the winners each year facilitates the creation of new green businesses in London, strengthening the green economy. To support young London entrepreneurs The Mayor’s Fund for London has applied for $350,000 of funding to support the LCE prize for 2 years. It is proposed that the Mayor will enter into an agreement with the Mayor’s Fund for London to deliver the LCE prize in 2016 and 2017.

Part 1: Non-confidential facts and advice