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Public finance support for the climate tech sector in the United Kingdom as of 2024, by instrument (in billion GBP)

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Source

Release date

July 2024

Region

United Kingdom

Survey time period

July 2024

Supplementary notes

* Investment between 2014 and end of August 2022.

Citation formats

Climate tech public financing in the UK 2024, by type

Published by ÌÇÐÄÆƽâ°æ Research Department, Sep 20, 2024

The UK is providing billions of pounds' worth of public finance to support the country's net-zero transition. Between 2014 and August 2022, the British Business Bank supported *** million GBP of equity investment in clean technology companies in the UK. Meanwhile, the UK government's Net Zero Innovation Portfolio has, as of 2024, supported the scaling up of low-carbon technologies with *** million GBP committed or spent. Going forward, an additional *** billion GBP of public investment will be provided by the new Labour government's National Wealth Fund for priority sectors including carbon capture and green hydrogen.

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