Today, two prolific venture funds announce that they are joining Cleantech for UK’s Investor Coalition: BGF and Greenbackers Investment Capital. With these new additions to the coalition, Cleantech for UK continues to expand its depth of knowledge and stands ready to support this collaboration and accelerate the transition towards a UK-led clean economy.
“We are delighted that these forwarding-thinking organisations have chosen to join forces with our initiative. Financing the full innovation pipeline is crucial to delivering on net zero, and indeed economic growth.”
– Sarah Mackintosh, Director, Cleantech for UK
Cleantech for UK, launched in the beginning of 2023, has now amassed a total coalition of 14 British cleantech leaders, counting amongst its members, leading players in the UK cleantech ecosystem. The initiative’s continuous growth represents the massive potential of clean technology innovation across the entire British economy.
Cleantech innovation is emerging as a future cornerstone of global industry, with countries that invest in scaling these innovations poised to lead in crucial technologies like renewable energy, electric vehicles, and energy storage. However, to remain competitive, the UK must prioritise supporting these industries through bold and innovative policymaking.
To that end, Cleantech for UK will continue to voice the needs of the cleantech community to policymakers, ensuring that the UK is able to capitalise on the generational economic opportunity offered by scaling cleantech innovation across the entire country.
Quotes by Cleantech for UK’s new members
"Greenbackers are 100% committed to climate action and fully support Cleantech for UK as the voice for our industry. The clean energy sector alone is predicted to generate 10.3 million new jobs by 2030 with sector investment reaching $468 billion in 2023, nearly 200% growth compared to the previous year. But we need to do so much more to combat the impacts of climate change, address the future challenges of net zero energy, transportation, housing and more efficiently manage our agriculture, waste and water resources. Cleantech innovation must be embraced across all stages of development, and we call on government, industry and capital markets to fully support its growth."
- Robert Hokin, Managing Partner at Greenbackers Investment Capital
“BGF has invested more than £220m in over 30 low carbon and sustainability focused businesses, including more than £95m in 25 Early-Stage companies. We are therefore excited to be joining Clean Tech for UK, as the move to a low carbon economy is both an environmental imperative and a significant economic opportunity. The UK clean energy sector is particularly well positioned to play a leading role in this transition thanks to our high-quality talent and world-class research institutions. However, turning innovation into commercial success and globally significant impact requires much greater government, industry and capital market support.”
– Rowan Bird, Investor, BGF
About Cleantech for UK
Cleantech for UK is an advocacy body representing a coalition of 15 company builders and investors, spanning the innovation lifecycle from start-ups to IPOs. United in their commitment to driving Britain’s clean and sustainable growth, the coalition focuses on key sectors like manufacturing, construction, transport, and agriculture.
As the government works to boost economic recovery, Cleantech for UK promotes zero-carbon technologies that will create jobs, reduce emissions, and enhance productivity. We collaborate with policymakers to support sustainable growth, unlock new opportunities, and strengthen the UK’s leadership in cleantech.
About BGF
BGF was set up in 2011 and has invested £4 billion in over 600 companies to date making it the most active investor in the UK. BGF is a minority, non-controlling equity partner with a patient outlook on investments, based on shared long-term goals with the management teams it backs. BGF invests in growing businesses in the UK and Ireland through its network of 14 offices.
BGF is one of the most active investors in the fields of climate tech having invested in more than 30 climate and sustainability-focused companies, providing over £220 million to support businesses tackling issues such as decarbonisation, resource efficiency, and environmental improvement. BGF is a certified UK B Corporation (B Corp), reflecting its commitment to creating a positive impact across the growth economy.
See: www.bgf.co.uk
About Greenbackers
Greenbackers Investment Capital is a UK-based firm specializing in funding and accelerating cleantech innovation. They connect climate-focused startups and scale-ups with investors through initiatives like the Climate Tech SuperPitch, a global platform showcasing sustainable solutions in areas such as renewable energy, carbon reduction, and circular economy. By providing funding, strategic guidance, and international exposure, Greenbackers plays a key role in driving the commercialization of cutting-edge climate technologies.
See: www.greenbackers.com
