The Cleantech Sector
As world economies grapple with the challenges of avoiding climate change, new ways to provide cleaner energy and reduce carbon emissions have never been more urgently needed.
The UK has been one of the leading innovators in contributing to a renewable energy and low carbon sector valued at £42.6bn and growing three times faster than the national average. These world-leading advances in a number of energy fields have seen the sector recognised as a national priority, with considerable government funding available to support innovative renewable and low carbon companies.
As outlined in its Clean Growth Strategy, in the period up to 2021 the government plans to invest over £2.5bn in research, development, and demonstration of low-carbon energy, transport, agriculture, and waste disposal. This includes a fund of £177m set aside to fund innovation in renewable energy, and numerous specialist funds to support advances in specific areas, especially wind, solar and nuclear energy, as well as carbon capture and storage.