Sustainable Ventures, the climate tech cluster, has announced it has secured £3m in its first fundraising led by Barclays Sustainable Impact Capital and other investors to support UK expansion. Barclays Sustainable Impact Capital is investing £500m in climate tech startups in total and has previously invested in three businesses that are supported by Sustainable Ventures.

Opened in 2011, Sustainable Ventures will use the funding to grow the number of sites in the UK, launching in Manchester in 2024. In addition, the funding will enable Sustainable Ventures to access talent and provide additional professional services to startups.
Sustainable Ventures is already one of the UK’s most active tech investors and the largest of its type in Europe. Its model combines funding, workspaces and expert support services with a pipeline of over £1bn of climate tech investment opportunities.

So far it has supported over 450 climate tech companies to rapidly scale their technologies, drive increased returns, and create more than 5,500 jobs.

The investment will link local stakeholders into growing regional clusters whilst ensuring climate tech specialists and entrepreneurs receive support, such as Manchester, cited as the fastest growing UK tech hub outside of London.

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