A new coalition was launched this week that will aim to accelerate UK’s clean energy innovation. UK Prime Minister Rishi Sunak, Bill Gates and Imperial College London’s cleantech accelerator Undaunted were among the participants in the coalition that gathered on Wednesday 15 at Imperial College London to launch Cleantech for UK.
Cleantech for UK brings together investors and venture-builders with combined funds of over £4 billion ($4.78 billion) to accelerate the translation of the UK’s scientific research into world-leading cleantech scale-ups.
The coalition’s goal is to connect the UK’s policy-makers with those leading, creating, incubating, investing in and scaling cleantech companies.
“The UK has all the ingredients to become a major player in the global push to build a net-zero emissions future, including world-class research facilities and forward-looking investors. It’s great to see cleantech businesses, innovators, and policymakers coming together to advance UK climate leadership,” said Bill Gates.
The UK Prime Minister Rishi Sunak also commented on the initiative saying that investing in renewables and clean tech is one of the best ways to strengthen the UK’s energy security and grow the economy.
“With the launch of Cleantech for UK, a new generation of talented British businesses can be confident that they have the backing they need to unlock green solutions to some of the biggest challenges we face… This shines a light on the strength of UK innovation – and our ability to find new ways of doing things to drive economic, social and environmental progress,” he added.
Imperial College London will be the place to drive the initiative and bring together key partners to provide the systems-thinking, solutions-focus and resources to unlock the potential of the UK’s innovators.