2007 was a record year for investment in sustainable energy with total global investment growing from £50 billion in 2006 to £74 billion in 2007
Overall, UK companies attracted over £1 billion of venture capital and private equity finance into renewable energy and energy efficiency technologies in 2007. This is more than twice that of any other European country and 41% of the EU total
SMEs in particular attracted a conspicuous share (43% equating to £320,000) of the £755,000 VC/PE investment in European low carbon SMEs during 2006-2008Q1
Climate change entrepreneurship could be a bigger, more enduring opportunity than the dot.com boom of the late nineties when global sales of personal computers were growing at 15-20%
Download the Full Report on the Shell Springboard website. The report is released as the closing date approaches for the Shell Springboard awards which provide a financial boost to innovative, low carbon business ideas. Last year, awards of £40,000 were made to eight businesses drawn from across the UK including Carbon8 Systems Ltd, a business in Kent that turns everyday rubbish from landfill sites into building materials such as bricks or roofing.
This deadline for this year’s applications is midnight on Friday 7th November 2008 and people can apply at http://www.shellspringboard.org/home.
The research shows UK SMEs as true innovators who are leading the way in the development of cutting edge technology and reveals the top ten low carbon sectors attracting the most private equity investment into SMEs in the UK, as compared with the rest of Europe.
Investment is dominated by renewable energy, in particular marine, with solar power, controls/sensors and biomass also seeing significant investment: The study will be discussed in depth at a roundtable chaired by Lord Oxburgh, the former Chairman of the House of Lords Committee on Science and Technology, later this month.