Clean Growth Fund update
Beverley Gower-Jones, Managing Partner
BEIS, CCLA and the team at the Clean Growth Fund have been delighted with the response to the Fund’s establishment, and importantly the level of interest shown by clean tech companies up and down the UK.
We have received more than 250 inquiries from companies seeking funding from the Clean Growth Fund. The investment team at the Clean Growth Fund is currently assessing each application and the team are aiming to get back to everyone within the next month.
The incredible response underlines the fantastic work that’s being carried out by the SME sector to help the UK reach NetZero, and importantly the growth potential of the UK clean tech sector – especially as our economy takes steps to rebuild. post-Covid19.
To recap, the Clean Growth Fund will invest in innovations that reduce greenhouse gas emissions or improve resource efficiency across power, transport, industry, buildings, waste and water. The Fund is aiming for a balanced portfolio across these sectors.
Two final points: I would particularly like to thank the regional business/inward investment groups that have spread the news of the Fund to their members.