Sustainable Ventures
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Danyal Sattar, CEO of Big Issue Invest, Claire Holland, leader of Lambeth Council, Andrew Wordsworth and James Byrne founders of Sustainable Ventures pose during the Sustainable Ventures launch at County Hall in London, Monday November 29, 2021. Sustainable Ventures, Lambeth Council and Big Issue Invest have signed a £5 million partnership to develop 40,000 sq ft at County Hall, targeting the creation of more than 4,000 green innovation jobs by 2025. Described as an ‘eco-system’ of climate tech businesses the premises are exclusively reserved for sustainable and green start-ups, offering support and mentoring as well as office space located directly opposite the Houses of Parliament Photograph : Luke MacGregor Press Release Climate tech ecosystem launched today at London landmark County Hall On track to help 1,000 businesses raise £1.7 billion Sustainable Ventures today launched Europe’s largest physical ecosystem for green start-ups, at new headquarters within London landmark, County Hall. Sustainable Ventures is the UK’s most prolific 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 £5 million 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 and it is all about delivery now. The only w
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Sustainable Ventures is home to Europe’s largest support ecosystem for climate tech businesses, leading London’s shift towards a low-carbon economy.
Their development of 40,000+ sq. ft of space, which has been unused for nearly 40 years, will see the iconic County Hall become Sustainable Ventures’ HQ and flagship workspace. The workspace will support over 100 organisations, providing access to business support, investors and expertise across the sector, as well as opportunities to connect and collaborate with like-minded climate innovators.
£1.45 million of funding from the first round of the Future Workspace Fund, alongside £3.3 million from Big Issue Invest is allowing Sustainable Ventures to complete the fit out works of the site in full.
This commitment of investment has also allowed Sustainable Ventures to take space on the 3rd floor of County Hall whilst the 5th floor is developed, meaning that more than 50 pioneering businesses are already benefitting from this workspace. The 5th floor is expected to open in April 2023.
Stuart Ferguson, Investment Partner at Sustainable Ventures, said:
“Without this funding from the Future Workspace Fund, we would not have been able to undertake the development of our new workspace at County Hall.
It was fantastic that the Fund team was able to see past the short-term Covid challenges to collaborate on this project, which will result in the creation of one of Europe’s leading centres for climate change innovation.
The new workspace will help us support the best climate change focused entrepreneurs to scale their businesses, whilst creating jobs, training opportunities and inward investment into the Borough.”
For more information on the space, visit Sustainable Ventures’ website.