New £40m fund aims to ‘supercharge’ journey to net zero

The newly-announced Clean Growth Fund aims to help start-ups develop solutions across the power, transport, waste and building efficiency sectors

The UK Government has launched a new £40 million Clean Growth Fund to 'supercharge' green start-ups.

It has announced it is joint-funding a venture capital fund to accelerate the development of next-generation clean technologies - its £20 million investment has been matched by CCLA, one of the UK’s largest charity fund managers, to help speed up the journey towards net zero by 2050.

The fund will be accessible to UK-based companies developing green solutions across the power, transport, waste and building energy efficiency sectors.

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