Alkemy Capital Investments plc (LON:ALK) (FRA:JV2) and its wholly-owned subsidiary Tees Valley Lithium have announced that TVL together with Weardale Lithium has secured a joint funding package of approximately £613,000, which includes a grant of approximately £430,000 from Innovate UK.
Innovate UK is the UK’s national innovation agency. It drives productivity and economic growth by supporting businesses to develop and realise the potential of new ideas.
The funding provided under the Launchpad: Net Zero, CR&D Tees Valley, R2 competition supports outstanding innovation projects that grow activities in the Net Zero innovation cluster centred on Tees Valley and supports the Government’s goals in the Levelling Up White Paper. Through collaborative research and development, TVL and WL are building upon the Memorandum of Understanding signed last year to evaluate the potential synergies of both producing and refining lithium in the North East of England.