TEN pioneering Scottish climate tech companies will travel to London next week to participate in an investor showcase (see ‘Note to editors’ for full list).
Part of London Tech Week (LTW), and hosted by Scottish Enterprise at Scotland House, the 13 June event gives representatives of those companies the opportunity to pitch to international climate-focused investors.
A member of the party – David Farquhar, CEO of vertical farming company Intelligent Growth Solutions – will also join climate science experts and investors on the Leaders Stage at LTW’s ClimateTech Summit.
The cohort’s departure is preceded today by the publication of a report outlining the economic opportunity associated with the growth of the climate tech sector.
‘Climate tech: mapping the landscape in Scotland’, produced for Scottish Enterprise by the University of Edinburgh’s Edinburgh Climate Change Institute, comprehensively details the size, scale, and composition of the sector in Scotland.
Almost 600 climate tech companies with an annual turnover of nearly £16 billion are either headquartered or registered in Scotland and employ over 30,000 people.
The report makes recommendations on how these businesses can secure a share of the 1.5 to 2 trillion dollars of annual investment estimated to be available to climate tech companies by 2025.
Suggestions include targeting international investment and addressing the dominance of larger climate tech companies by better connecting small and medium-sized enterprises to opportunities.
Julie Roberts, Climate Tech Lead at Scottish Enterprise, said: “Developing a thorough understanding of Scotland’s expanding climate tech sector will help capitalise on the opportunities it presents in terms of economic growth, investment, job creation and climate impact.
“The report highlights the importance of attracting international investment and supporting Scotland’s innovative high-growth businesses, both of which Scottish Enterprise is doing through our investor event in London.”
Jamie Brogan, Head of Climate Partnerships at Edinburgh Climate Change Institute, said: “Our analysis shows the value climate tech is bringing to Scotland already in terms of building companies and attracting investment. It also highlights the huge future potential of climate tech in terms of both creating opportunities and leading the way in climate innovation.
“With the right enabling support in policy and investment, climate tech can deliver growth, job opportunities and benefits to communities across Scotland while making us a global leader in tackling climate change.”
