@article{a19367c0cabd4af0874922e322db8e76,
title = {Financing grassroots innovation diffusion pathways: the case of UK community energy},
author = {Iain Cairns and Matthew Hannon and Tim Braunholtz-Speight and Carly Mclachlan and Sarah Mander and Jeff Hardy and Maria Sharmina and Ed Manderson},
doi = {10.1016/j.eist.2022.11.004},
issn = {2210-4224},
year = {2023},
date = {2023-03-01},
journal = {Environmental Innovation and Societal Transitions},
volume = {46},
publisher = {Elsevier BV},
abstract = {This paper explores how finance can better support the diffusion of Grassroots Innovations (GIs), community-led solutions for net-zero transitions. We examine the case of UK community energy (CE), across three ‘diffusion pathways’: niche replication (growth in the number of projects), individual scaling (growth in an organisation's scale) and collective diffusion (a confederation of GIs). We investigate each pathway through analysis of a nationwide survey, interviews and four case studies. We find that while finance currently supports replication of small-scale CE projects, the incompatibility between GIs and the wider finance meta-regime inhibits individual scaling. The UK CE sector has responded with collective diffusion, via business group intermediaries; attracting greater but still insufficient finance. Consequently, for GIs to diffuse effectively, they must be supported to translate across both sectoral regimes (e.g. energy) and broader meta-regimes (e.g. finance). This paper contributes to theory on the role of finance in sociotechnical transitions and the role of intermediaries in GI diffusion.},
note = {Funding Information: Fourth, even though the public sector has intervened, introducing new rule sets into the finance meta-regime to support small scale development, thus far this has been insufficient to drive widespread diffusion of CE. The devolved administrations in Scotland and Wales have moved to address a shortage of capital investment for small scale ventures ( Fig. 2 ). In Scotland, for example, the Scottish Government-backed Energy Investment Fund operates as a secondary lender to supply small sums of capital and de-risk investment for private banks ( Cairns et al., 2020c ). Conversely, smaller scale projects receive limited finance support from the UK government. Publisher Copyright: © 2022},
keywords = {},
pubstate = {published},
tppubtype = {article}
}