UnLtd together with NESTA have launched the Big Green Challenge. Big Green Challenge is a £1 million prize fund to encourage groups of people to come up with new ways to tackle climate change. Run over two years, it challenges not-for-profit groups and organisations to demonstrate new and better ways to reduce their CO2 emissions by 60% in their communities. Projects can be local, regional or more widely spread. The Big Green Challenge will seek to select ten finalists, once selected, they will have a year to show Big Green that they can turn their BIG ideas into action. The winner will be announced in late 2009. Eligible challengers have to be constituted not for profit organisation although newly formed groups can apply for this status later. The closing date for entering the challenge is the 29th February 2008.