Green Angel Syndicate Welcomes £10M from British Business Investments to Combat Climate Change

Green Angel Syndicate today announces a further £5m commitment from British Business Investments, bringing its total investment since November 2021 to £10m.

Green Angel Syndicate is the UK's largest network of specialist investors fighting climate change. This commitment is being made through British Business Investments' Regional Angels Programme, which seeks to reduce regional imbalances in access to early-stage equity finance. It will match funds raised via Green Angel Syndicate's network of investors and their EIS Climate Change Fund.

The GAS EIS Climate Change Fund supports a portfolio of UK-wide start-up and early-stage companies across the following sectors: energy, transport, buildings, food & agriculture, waste & recycling and environment.

Green Angel Syndicate only invests in those companies whose technology and process innovations have the potential to reduce or remove carbon dioxide or greenhouse gas emissions from the atmosphere.

Cam Ross, CEO, Green Angel Syndicate, comments: "Coming only a few months after the initial commitment from British Business Investments, this additional sum is very welcome. It comes at a time when the fight against climate change is more important than ever. GAS will continue identifying and investing in companies with the technology and drive to help us face the biggest challenge mankind has ever faced; we are very grateful that British Business Investments will help us make a bigger impact."

Nick Lyth, Founder of Green Angel Syndicate, comments: "This welcome additional commitment will expand our bandwidth even further, and hence the impact of our investments in the fight against climate change. The increased recognition from British Business Investments of the importance of investing in UK start-ups fighting climate change is an even more encouraging sign for the future."

Judith Hartley, CEO, British Business Investments, says: "Our Regional Angels Programme is designed to address imbalances in access to early-stage finance in the UK and to increase the capital available to smaller businesses through early-stage investors such as Green Angel Syndicate. This additional £5m commitment from British Business Investments further supports the UK's green technology sector and early-stage businesses across the UK."

Companies which have recently benefited from British Business Investments' existing commitment to Green Angel Syndicate include: Bristol-based agri-tech startup Glaia, Exeter-based deep tech engineering company New Motion Labs and construction sector startup Sphera, based in Durham.

*Risk disclaimer: Investment in early-stage companies involves risks such as illiquidity, lack of dividends, loss of investment and dilution. Even when diversified within a fund, investing in early stage companies carries a higher risk than investing in more established companies. Investment in EIS and SEIS funds should be considered as part of a diversified portfolio. For professional investors only.

More in News

Zedify Celebrate Opening of a New Delivery Hub with Mayor Marvin Rees

Read more

GAS Shortlisted for 2022 Better Society Awards

Read more

Better Origin raises $16m

Read more