Jonathan Tudor has joined the Clean Growth Fund as investment partner due to his “invaluable” experience.
Tudor is joining the Clean Growth venture capital fund – which was established earlier this year with the intention of investing in UK early stage, clean technology companies - from Centrica Innovations, where he held the position of technology and strategy director for three years.
Prior to that, he worked primarily in the UK, Israel and USA, specialising in corporate venture capital investment and new business creation, as well as holding senior executive roles at BP Ventures, QinetiQ and CG Innovation Partners.
Tudor praised the fund for having “sparked a huge response from clean-tech businesses from across the UK, as well as interest from institutional investors”.
“The UK has a plethora of innovative clean-tech businesses; we have the difficult but enviable task of investing in the most promising companies that offer our current and future investors a good return, and deliver long-lasting benefits to UKplc.”
The Clean Growth Fund was set up in May 2020, with cornerstone investment from the Department for Business, Energy and Industrial Strategy, as well as charity fund manager CCLA.
Its remit is to drive “superior financial returns for investors and accelerate the development and commercialisation of clean growth technologies in the UK”, with the intention of therefore creating new and skilled jobs across the country.
It is targeting early-stage clean growth companies looking to create carbon emission reductions in power and energy, buildings, transport and waste.
Beverley Gower-Jones, managing partner of the Clean Growth Fund, said: “Jonathan’s VC experience on both sides of the Atlantic will be invaluable, as we invest in companies and secure new investment in the Fund.
"The work of the Clean Growth Fund is even more important as the UK emerges from COVID-19. A vibrant and dynamic clean-tech sector will deliver a stronger and more sustainable, low carbon economy.”