Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Qatar set to make £4bn UK climate tech investment

by September 11, 2023
September 11, 2023
Qatar set to make £4bn UK climate tech investment

The UK’s climate tech sector could receive a £4bn investment from Qatar as the Middle Eastern nation looks to establish a green energy research facility in southern England.

Funded by the Qatar Foundation, the university-style facility will also be supported by a partnership with Rolls Royce.

From the overall investment £1.5bn will be designated for the seed development of UK green tech startups with the goal of creating new climate unicorns valued at over $1bn.

A project leader told the newspaper that it will be the “MIT for UK energy transition”. They added that the scheme will support the UK’s ability to retain promising clean energy companies as they grow.

“The purpose is to scale up these projects to the level where they can be floated here in the UK, rather than losing our best ideas overseas at their early stage.”

The site will likely be established within the ‘golden triangle’ research area, which includes London, Oxford and Cambridge.

Management consultant McKinsey is reportedly involved in the planning. The project hopes to create 7,500 new jobs by 2030.

The Qatar Foundation said: “We continue to work alongside Rolls-Royce to develop new, leading climate tech ventures and technology hubs, both in the UK and Qatar.”

The foreign investment follows the announcement from the prime minister of a $2bn contribution to the Green Climate Fund.

Announced by Rishi Sunak at a G20 gathering, the contribution is the largest made by the UK towards the global fund.

The Green Climate Fund was established jointly by 194 countries following the Copenhagen Accord at COP15.

Read more:
Qatar set to make £4bn UK climate tech investment

0
FacebookTwitterGoogle +Pinterest
previous post
Yodel creates more than 2,000 roles as it ramps up activity ahead of the festive peak
next post
All 400 Wilko stores to close by early October

You may also like

The Ultimate Guide for Buying Vapes: What to...

March 22, 2023

Brits partied post-Covid – increasing spending by £9bn...

July 5, 2023

The Future of Wyndham Timeshares: Industry Experts Predict...

February 16, 2024

New research reveals that unfilled tech vacancies are...

April 3, 2023

Amazon announces another 9,000 job cuts over fears...

March 21, 2023

Vijay Eswaran on the African Resurgence: A Continent...

April 24, 2024

House prices dip amid post-budget disappointment as market...

November 18, 2024

Just Stop Oil’s demands are ‘contemptible’, says Starmer

August 7, 2023

Buyers look to return to London as Rightmove...

December 21, 2022

How to Create Social Media Content to Get...

September 20, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Trump talks with Putin, spars with South African leader, threatens EU tariff hike in 18th week in office

      May 24, 2025
    • 4 Best Assignment Writing Services Reviewed by University Students

      May 24, 2025
    • DAVID MARCUS: Tax-free overtime could be midterm magic for GOP

      May 24, 2025
    • SCOOP: House Republicans request ban on federally funded ‘transgender animal’ experiments in 2026 budget

      May 24, 2025
    • WATCH: GOP senators rail against staggering $4.7 trillion in untraceable Treasury payments

      May 24, 2025
    • Trump unleashes US nuclear renaissance with bold executive orders

      May 24, 2025

    Categories

    • Business (8,038)
    • Investing (1,986)
    • Politics (15,367)
    • Stocks (3,106)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved