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Government launched new £40 million Clean Growth Fund to supercharge green start-ups

The government is launching a new effort to support green start-up companies across the UK, joint-fu...

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IMarEST Annual Conference, online, 6th - 17th July 2020

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PRIMaRE Conference on Marine Renewable Energy, 7th-8th July 2020, Online

The PRIMaRE annual conference provides a forum for exchanging the latest research & development and ...

Government launched new £40 million Clean Growth Fund to supercharge green start-ups

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.

More information can be found at the following link:

https://www.gov.uk/government/news/government-launches-new-40-million-clean-growth-fund-to-supercharge-green-start-ups

And on the Clean Growth Fund website: https://www.cleangrowthfund.com/

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Posted 2020-05-27 09:51:05

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