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

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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

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