Startup Coalition reposted this
Fresh off supporting the launch of the new ClimateTech APPG earlier in the week, today we're launching our third annual ClimateTech Policy Coalition report. Spoiler alert, initially enthusiastic ClimateTech founders are a little underwhelmed with the first five months of the new Govt... In partnership with techUK, Tech Nation, Cleantech for UK, Tech Zero, and Undaunted: Tackling climate change with innovation, we release these reports annually, including fresh insights from the frontline of climate innovation, along with priority areas for Government support. This year we grounded the report in a series of roundtables with founders and investors, and a survey of 59 founders - the results are in: 👍 Most surveyed Climate founders (38) thought that Labour’s election victory was a good thing for their business - with only a handful (5) saying it was bad. ⚡ There was good recognition of the key policy priorities of the Govt, including GB Energy, the Warm Homes Plan, and there was significant support for the renewal of EIS and VCT investment incentives. 👎 Respondents were less positive about how things have gone since July 4th, however - only 11 founders said that the first five months of the new Govt had been good for their business, with 14 saying that it had actually been negative for them. 📢 To steady the ship, ClimateTech founders want the Government to focus on ensuring that innovation is built into its priorities, including GB Energy and the Industrial Strategy. 🗺️ As always, this isn't a moan - we are focused on the reality of innovating to combat climate change *and* the constraints on the Govt. We've rounded off the report with a refreshed blueprint of steps that the Govt can take to unlock climate innovation, building on its political priorities. 🎆 2025 gives us the opportunity to refocus on action. At the moment there is a general sense of consultation overload - but the hope is that there's action at the end of the questions, and this is what ClimateTech founders sorely need. 👇 Find the full report below, cheers to Sifted for the feature in yesterday's newsletter, and thank you as ever to all those who have engaged with us and the Coalition this year. Alyssa Gilbert | Cathal Hughes | Sammy Fry | Sarah Mackintosh | Charlie Garner | Sophia Kesteven | Craig Melson | Weronika Dorociak