UK government launches Clean Growth VC fund

May 25, 2020 |

In the UK, the government is launching a new effort to support green start-up companies across the UK, joint-funding a £40 million venture capital fund to supercharge the development of next generation clean, low-carbon technologies.

The Clean Growth Fund will contribute towards the UK’s plans to reach Net Zero by 2050 and will be accessible to UK-based companies driving green technology across the power, transport, waste, and building energy efficiency sectors. Potential examples of projects the fund could support include:

energy storage and smart grid systems to bolster resilience in the power system

renewable heating and ventilation technologies across homes and commercial buildings, bio-fuels and bio-energy systems.

With £20 million of government investment matched pound for pound by CCLA, one of the UK’s largest charity fund managers, the fund could reach £100 million by Autumn 2021 through private sector fundraising.

Category: Fuels

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