The UK has daring ambitions to steer the worldwide clear power transition, however these ambitions relaxation on the shoulders of its startup companies.
We make up a 3rd of all greentech corporations within the UK, driving key improvements, whereas nonetheless being a comparatively younger sector with round 70% being in seed or enterprise stage.
The federal government’s £30 million funding into decarbonising transport was an enormous vote of confidence in SMEs capacity to drive sectoral progress, with 250 small enterprises and startups benefitting immediately from this funding.
Nonetheless, like many startups and scale ups, extra direct assist is required – and on a regional foundation – to assist scale options and hold useful IP right here within the UK.
Startups within the clear power sector typically face an ideal storm – entry to funding is proscribed, upfront prices are excessive and navigating regulation is complicated….
