As we watch the drama unfolding at No.10, the question asked by those working in climate finance is: will the next PM make the changes needed to decelarate climate change? Just over a week ago the Climate Change Committee (CCC) published its latest Progress Report to Parliament on the UK's progress towards Net Zero. The report warned of "major failures in delivery programmes" and "scant progress" being made towards Net Zero.
In contrast, Green Angel Syndicate (GAS) is walking the walk, not just talking the talk and is delighted to announce the opening of Round 4 of its EIS & SEIS Climate Change Fund. The new round opened on Friday 1st July and has already received applications exceeding 50% of its minimum funding target.
The Climate Change Fund enables High Net Worth Individuals or Sophisticated Investors who are passionate about reducing and reversing carbon emissions (but who are not necessarily angel investors) to invest in pioneering grassroots innovations. The more successful the Fund is, the greater the impact will be; each round accelerates the growth of early stage companies fighting climate change.
Green Angel Syndicate closed Round 3 of its EIS Climate Change Fund in February 2022, well ahead of its target – boosting the amounts that the Climate Change Fund will be able to invest alongside GAS. So far, the Climate Change Fund has invested in 14 startup companies, ranging from energy efficiency, protecting the environment and sustainable construction, to seaweed refining and behavioural change.
Green Angel Syndicate is the UK's largest network of specialist investors fighting climate change. It supports founders in raising the finance that will allow them to scale up and make a significant impact in reducing or reversing greenhouse gas emissions.
Antoine Pradayrol, Chief Investment Officer of the GAS Climate Change Fund says: "Tackling climate change needs all sectors of the economy to transform. The more the GAS Climate Change Fund raises, the more we can accelerate the development of innovative companies leading the bottom-up changes that are required – from energy to mobility and from industry to agriculture."
Cam Ross, CEO of Green Angel Syndicate says: "The Climate Change Fund invests in the same companies as our specialist Green Angel Syndicate members, who bring their expertise and knowledge to help select, qualify, and grow these investments. Climate Change Fund investors can therefore take advantage of this unique specialisation, and improve the carbon impact their money is making."
Nick Lyth, Founder and President of GAS comments: "The opening of Round 4 of the GAS Climate Change Fund is a testament to the success of the previous 3 rounds, all of which exceeded their fundraising targets. The Fund supplies the demand of investors who are increasingly passionate about and committed to climate change. The money invested is helping to scale up those solutions needed to reduce and reverse greenhouse gas emissions. The more we raise, the better we can fight climate change."
The GAS Climate Change Fund supports the deals invested in by GAS, drawing on the specialist expertise of the Syndicate and using the same high standards of due diligence. The Fund, launched by Green Angel Syndicate in association with SFC Capital Partners, is overseen by specialists with depth and breadth of knowledge on climate change, innovation and investment that is unmatched in the UK angel investment market.
*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.