Climate tech ecosystem launched at London landmark County Hall
Sustainable Ventures has launched Europe’s largest physical ecosystem for green start-ups, at new headquarters within London landmark, County Hall.
Sustainable Ventures is an early stage cleantech investor, set up in 2011 by co-founder and CEO Andrew Wordsworth. Its ambition is to tackle climate change and resource scarcity through innovation while demonstrating that commercial success and sustainable business are not mutually exclusive.
County Hall, its largest workspace to date provides affordable space ring-fenced for new companies innovating in climate tech or green business, in an unrivalled location directly opposite Parliament and the heart of policy.
Empty for over 35 years, Sustainable Ventures, Lambeth Council and Big Issue Invest have signed a £5m partnership to develop the 3rd & 5th floors of County Hall, targeting the creation of more than 4,000 green innovation jobs through the support of 1,000 businesses by 2025.
James Byrne, partner of Sustainable Ventures said: “The politicians haven’t done nearly enough, the next decade of delivery is crucial. The only way forward is to demonstrate larger green job growth giving the government greater scope to go further, faster, by supporting startups to scale their commercial success.”
Sustainable Ventures is also proud to be a platform of thriving female entrepreneurship with nearly half of its membership comprised of women, including; Ashley Bishop, co-CEO of sustainable advertising platform and marketplace; Bagboard, Celia Pool, co-founder of DAME, which produces the world’s first reusable tampon applicator and organic cotton tampons; and Agnes Czako, inventor of smart-tech air brick AirEx, which helps householders save money by improving the energy efficiency of UK homes.
Beyond this, the ecosystem has a diversity index of 65%, well above the tech industry’s average of sub 10%. County Hall provides the blueprint for further workspaces that Sustainable Ventures plan to roll out in other cities across the UK, supporting the spread of green jobs and delivering on the levelling-up agenda.
Cllr Claire Holland, the Leader of Lambeth Council, commented, “We are extremely pleased to be heavily involved in supporting the development of Europe’s biggest cleantech hub at the iconic County Hall by investing in the site alongside Big Issue Invest. Lambeth is fast becoming the home of cutting-edge, low-carbon businesses and our partnership with Sustainable Ventures to create this vital space for entrepreneurs will create vital skilled green jobs for our residents.”