Business Weekly - Cambridge, UK

Over 45 per cent of all cleantech deals received public sector support in the UK, compared to a European average of just 14.7 per cent.

The existence of UK public sector-backed investment and grant bodies, has meant early stage cleantech companies have received the funding required to get to the next stage.

In the private investment sector, although the largest number of European cleantech investments were made by UK investors no one VC firm participated in more than five deals. US investors participated in more European cleantech deals than investors from any European country except the UK.

Doug Richard, chairman of Library House said: “Many early VC investments in the sector have paid off handsomely as investee companies have grown and exited, achieving market caps of billions of euros in the process.”