{
  "id": 6245012,
  "title": "Clean Growth Fund II hits £81.5M at second close towards £150M target",
  "url": "https://urgent.news/2026/09/08/clean-growth-fund-ii-hits-81-5m-at-second-close-towards-150m-target",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-08T06:00:00.000Z",
  "source": {
    "name": "Tech.eu",
    "slug": "tech-eu",
    "url": "https://tech.eu/2026/09/08/clean-growth-fund-ii-hits-ps815m-at-second-close-towards-ps150m-target/"
  },
  "original_language": "en",
  "account": null,
  "summary": "UK climate tech investor Clean Growth Fund has announced the second close of Fund II, amassing total commitments of £81.5 million as it aims for a £150 million target. The second close was led by a £22.5 million commitment from Border to Coast Pensions Partnership's UK Opportunities Fund, which was established in 2024 to invest in UK companies and assets, seeking long-term returns for its Local Government Pension Scheme (LGPS) Partner Funds. Strathclyde Pension Fund contributed an additional £10 million, bringing its total commitment to Fund II to £30 million. Other investors include Islington Pension Fund and East Riding Pension Fund. Clean Growth Fund II targets seed to Series A companies developing technologies with the potential to reduce carbon emissions and support the UK's transition to a lower-carbon economy, with plans to invest in around 25 companies. The fund employs a place-based investment strategy, backing companies in established technology centres like Oxford, Cambridge, and London, as well as emerging innovation hubs across the UK.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}