Unlocking growth in climate tech
COP27 has drawn to a close amidst much debate around the outcomes of this year’s conference, but what's harder to dispute is the phenomenal growth of the UK’s climate tech sector. According to Tech Nation’s latest report, we’re leading the way in Europe for the number of homegrown climate tech startups and scaleups, and second only to the US globally. The same report highlights that, in 2021, a record $4bn in investment was raised by UK climate tech companies. Similarly, data from Beauhurst shows that over a third (37%) of cleantech startups/scaleups raised funding in the last 12 months. This kind of buoyancy in such a vital sector is great news, but securing investment is only one of the keys to unlocking growth. Applicants to Tech Nation’s Net Zero Programme cited creating partnerships, expanding overseas, scaling operations, and hiring talent among their main challenges. Navigating such obstacles is imperative for any business...