Funding Opportunity


Clean Growth Fund

£40 million

When is it open?

The fund was launched in May 2020.

Who can bid for it?

Companies with products and services focused on driving clean growth in the low carbon economy.

NEY Hub Says

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What is the fund for?

Substantial innovation is required across all sectors in order for the UK to achieve net zero carbon emissions.

The Clean Growth Fund (CGF) is a commercially driven fund founded as a partnership combining public and private investment in new, early-stage clean technology ventures.

The CGF will invest in those companies with innovative solutions that serve a clean growth remit across the power, transport, industry, buildings and waste industries. Promising and ambitious companies will be supported with commercialisation expertise and market access to enable rapid growth and scale-up.

The fund focuses on UK-based companies with commercially viable solutions that are either generating early revenues or pre-revenue business start-ups.

Criteria for investment:

  • Sustainable addressable markets
  • Scalability with clear sustainable competitive advantage
  • Led by teams that have proven execution ability
  • Identifiable exit route within the lifetime of the CGF
  • Clear and significant contribution to reducing greenhouse gases