Clean Growth Fund

cleangrowthfund.com

Beverley Gower-Jones — Founder & Managing Partner

Susannah McClintock — Investment Partner

Stephen Price — Investment Partner

The firm invests in UK-based startups at the early stages, typically deploying checks between $680K and $6.8M. Its focus is on technologies with significant potential to cut carbon emissions, spanning power and energy systems, transport and mobility, industrial decarbonisation, buildings and the built environment, agrifood and land use, and the circular economy.

In September 2026, Clean Growth Fund announced the second close of its second fund (Fund II) at $110.5M, more than halfway to its $203M target. LPs include the UK's largest local government pension pool, joining returning and existing investors such as Strathclyde Pension Fund, Islington Pension Fund, and East Riding Pension Fund. Fund II continues the firm's strategy of backing climate tech companies that combine technological innovation with measurable carbon reduction.

The vehicle is structured to scale portfolio companies addressing key bottlenecks across the UK's net zero strategy, with a particular emphasis on providing follow-on support for high-potential ventures.

Leadership

The firm is led by Beverley Gower-Jones, Founder and Managing Partner, alongside Investment Partners Susannah McClintock and Stephen Price. The leadership has worked together for many years, offering a blend of technical insight and commercial acumen essential to backing and scaling impactful climate solutions.

Investment Strategy

Clean Growth Fund applies a hands-on approach, combining patient capital with strategic and technical support. Its strategy is to identify ventures at the intersection of breakthrough innovation and measurable carbon impact, and to support them through the early commercialization journey. By leveraging both its financial expertise and sector-specific knowledge, the fund helps climate tech companies achieve scale while driving progress towards net zero.

Notable Investments

From its first fund, Clean Growth Fund invested in 19 climate tech startups. These include:

• Sunswap, developer of zero-emission transport refrigeration units now supplying major corporates such as DFDS and Tesco
• Rendesco, a provider of low-carbon ground-source heat networks with more than 400 projects completed and an expanding $136M pipeline
• Above, a company applying robotics, AI and computer vision to optimize solar plant performance, with revenue growing at 50% CAGR since 2021

Notable Exits

As a relatively young fund, Clean Growth Fund has not yet announced notable exits, with most portfolio companies still in scaling phases.

Other

Clean Growth Fund is one of the few specialist UK venture capital funds dedicated entirely to climate tech. Its B Corp certification signals a commitment not only to financial performance but also to governance and impact standards. With a strong institutional LP base including pension funds, CGF provides credibility and long-term support for founders working on decarbonization.