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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