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DIT call for Green Investment Opportunities

The Department for International Trade is seeking to identify the most high-value, strategically important and innovative green investment opportunities from across the UK.

Promotion of Green Investment

 

Promotion of Green Investment

The Department for International Trade supports investment into sectors, capital projects, start-ups and scale-ups that deliver clean growth and reduce our carbon dependence.

The Prime Minister’s Ten Point Plan for a Green Industrial Revolution demonstrates the UK’s progress and ambition in some of the fastest growing ‘clean growth’ sectors.

In support of this, the UK Government will roll out the green carpet for some of the world’s most prominent investors, key decision makers and C-suite executives at a Global Investment Summit (GIS21) this October, ahead of COP26 in November. Hosted by the Royal Family and the Prime Minister, the Summit will galvanise foreign investment into sectors and projects that support the UK’s green ambitions and provide a domestic platform ahead of the more globally orientated UN Climate Summit in November to focus on UK businesses, innovations, and opportunities.

Taking place on 19 October, the one-day meeting is expected to catalyse billions of pounds of investment by attracting hundreds of the world’s leading businesses and investment A-listers to London and Windsor Castle. Find more information about GIS21

As part of this campaign of activity, the Department for International Trade is seeking to identify the most high-value, strategically important and innovative green investment opportunities from across the UK. As such, we are issuing a call for projects to surface green and sustainable examples of the following:

  • Foreign Direct Investment Opportunities: attracting corporates to set up in the UK.
  • Large Capital Projects: securing international investment into large capital projects, including real estate, energy, and infrastructure.
  • Companies seeking to raise funding: securing international investment into innovative UK start-ups and scale-ups.

How will these projects be promoted?

DIT will conduct a review of opportunities submitted during this call for projects, with the direct goal of identifying exciting, world-leading sustainable opportunities.

DIT will provide comprehensive support to the opportunities taken forward, including adding these to the portfolio of opportunities we already proactively and openly promote to prospective investors and developing dedicated marketing collateral to support engagement with some of the world’s largest corporates and institutional investors.

What is meant by Green Investment?

DIT are seeking opportunities with a clear green focus to be considered for additional support from DIT. This may include:

  • Opportunities which can deliver new clean technologies capable of delivering clean productivity, growth and reduce carbon dependence.
  • Growth companies with a sustainable business model that creates, delivers, and captures value for all its stakeholders without depleting the natural, economic, and social capital it relies on.
  • Large capital projects which sustainably develop their environment, including developing buildings and structures that maximise the use of sustainable resources while causing less pollution and waste and improve quality of life throughout the entire life-cycle of the building.
  • Where investment capital is directed to opportunities that consider environmental, social and corporate governance criteria to generate long-term competitive financial returns and positive societal impact.
  • Opportunities which enable the UK to be at the forefront of the fast-growing clean growth agenda, building domestic capability, unleashing potential, and ensuring that the UK is a net exporter of decarbonisation enablers as demand grows.

Consideration of green investment will be consistently applied in sourcing and assessing opportunities and drawn out in opportunities taken forward for promotion.

The criteria for the different types of investment opportunity they are seeking to promote are set out below:

 

Criteria for Foreign Direct Investment opportunities:

In order for an FDI opportunity to be eligible for inclusion, evidence of the following characteristics will need to be shown:

  • A clear and specific opportunity such as: commercialising new or disruptive technologies and services, a supply chain gap, high-growth sector, or world-class assets which are capable of attracting sustained investment from overseas corporates.
  • A thorough demonstration of how companies can attain a commercial benefit by investing in the location(s) associated with the opportunity, and that relevant sectoral strengths, assets and skills have been highlighted to make the proposed location attractive to international investors.
  • A compelling case as to why the opportunity requires promotion: why might overseas investors not be fully informed of the opportunities for their company in this sector/location?

You can highlight an opportunity by filling in the following form.

Criteria for companies seeking to raise funding:

DIT supports innovative UK start-ups and scale-ups that have achieved an appropriate level of maturity for the international investors we engage with. This will vary by sector and on the nomination form we ask you to highlight key proof-points that investors look for.

The Threshold criteria for Growth Capital nominations is:

  • UK Headquartered and operational
  • Intending to raise over £4m in the next three quarters and able to discuss it
  • Have a compelling pitch for investors outside the UK
  • Are comfortable with non-confidential information about the company and the investment being sought being shared with global, self-declaring sophisticated investors

We will then seek to learn more about business’ propositions and their international competitiveness, exploring aspects such as disruptive USP, customer traction, investment to date, revenues, the composition of their team and business model.  You can highlight an opportunity by filling in the following form.

Criteria for Large Capital Projects:

Our aim is to assist partners to bring forward investable, large-scale projects with the characteristics and a level of maturity which are likely to lead to an investment in the near future. Project proposers should submit projects that offer alignment with our key investability indicators, and where supporting information (project documentation) can be shared. Shovel ready opportunities may be prioritised depending on alignment with other investability indicators.

The threshold criteria for Large Capital nominations is:

Energy & Infrastructure Projects:

  • Capex value of over £25m
  • Land is owned or controlled by the project developer/promoter.
  • There is evidence of a business case with an underlying financial model developed
  • If applicable, full planning approval has been secured, or can be secured within 1 year
  • For large capital energy projects, DIT is specifically seeking opportunities aligned with the following technologies:

Generation

Networks & Flexibility

Transport

Solar PV

Electricity networks

EV charging infrastructure

Onshore wind

Heat networks

Hydrogen

Offshore wind (floating or fixed bottom)

Interconnectors

Biomethane

Biomass

Offshore transmission OFTO

Biofuels for transport

Energy from Waste

Electrical storage / flexibility

 

Anaerobic digestion to grid

 

 

Green Hydrogen (electrolysis)

 

 

Blue Hydrogen (Grey + CCUS)

 

 

CCUS

 

 

Geothermal / mine water

 

 

Tidal stream or tidal range

 

 

Wave

 

 

Hydro

 

 

 

Real Estate Projects:

  • Gross Development Value of over £80m.
  • Land must be owned or controlled by the project developer/promoter.
  • There is evidence of a business case with an underlying financial model developed.
  • Full planning approval has been secured, or can be secured within 1 year.
  • There is a compelling pitch for investors outside the UK.

You can highlight an opportunity by filling in the attached workbook and sending it to opportunities@trade.gov.uk

 

Timeline and next steps:

The call for projects will be launched on Monday 10 May and remain open for a limited window to Friday 4 June 2021. In all cases, DIT will review self-assessments and will advise whether it is appropriate to progress into more detailed profiling of the investment opportunity. For further information please contact opportunities@trade.gov.uk.