Latest Public Sector News


Green start-ups to get £40m Clean Growth Fund boost

Start-up companies working on green solutions in the UK are set for a £40m jointly-funded pot to ‘supercharge’ the next generation of clean, low-carbon technologies.

Announced yesterday (May 21) by Alok Sharma MP, The Clean Growth Fund will underpin the UK’s 2050 carbon neutrality ambitions and give UK companies access to the funding needed to succeed.

The pot is open to companies developing green technology across a wide range of sectors, including transport, waste and building energy efficiency.

Specific examples highlighted are energy storage and smart grid systems to make a more resilient power system, renewable heating and ventilation technologies and bio-fuels and bio-energy systems.

The current £40m sum is made up from a £20m Government investment and a £20m investment match by charity fund managers CCLA, and could reach £100m by Autumn 2021 with the support of private sector fundraising.



Business Secretary, Alok Sharma, said:

“The need for innovative and ambitious ideas across green industries has never been greater. I am pleased that with the help of this fund, promising clean growth start-ups will be able to step up to accelerate the UK’s recovery, while supporting our path to Net Zero by 2050.

“This pioneering new fund will enable innovative low-carbon solutions to be scaled up at speed, helping to drive a green and resilient economic recovery.”

The Clean Growth Fund, funded by the BEIS Energy Innovation Programme, is now looking for private sector investment and will aim to include a diverse set of members.

Specific focus is being put on finding clean growth technologies, hardware, products and services including power generation, waste, energy networks, buildings managements, industries, bioenergy and alternative fuels.

Investment will be put into businesses with a prototype product or service with clear evidence of reducing greenhouse gases and market demand.


There are no comments. Why not be the first?

Add your comment


public sector executive tv

more videos >

last word

Prevention: Investing for the future

Prevention: Investing for the future

Rob Whiteman, CEO at the Chartered Institute of Public Finance (CIPFA), discusses the benefits of long-term preventative investment. Rising demand, reducing resource – this has been the r more > more last word articles >

public sector focus

View all News


Peter Kyle MP: It’s time to say thank you this Public Service Day

21/06/2019Peter Kyle MP: It’s time to say thank you this Public Service Day

Taking time to say thank you is one of the hidden pillars of a society. Bei... more >
How community-led initiatives can help save the housing shortage

19/06/2019How community-led initiatives can help save the housing shortage

Tom Chance, director at the National Community Land Trust Network, argues t... more >


Artificial intelligence: the devil is in the data

17/12/2018Artificial intelligence: the devil is in the data

It’s no secret that the public sector and its service providers need ... more >

the raven's daily blog

What came first, the bad customer or the bad customer service?

17/03/2020What came first, the bad customer or the bad customer service?

Source: PSE Feb/March 20 Stephen Bahooshy, Senior Commissioning Manager and Nicky Selwyn, Carer and Service User Group Chair, Croydon Council.   Here it is... more >
read more blog posts from 'the raven' >

editor's comment

25/10/2017Take a moment to celebrate

Devolution, restructuring and widespread service reform: from a journalist’s perspective, it’s never been a more exciting time to report on the public sector. That’s why I could not be more thrilled to be taking over the reins at PSE at this key juncture. There could not be a feature that more perfectly encapsulates this feeling of imminent change than the article James Palmer, mayor of Cambridgeshire and Peterborough, has penned for us on p28. In it, he highlights... read more >