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Department for Business, Energy and Industrial Strategy
The Department for Business, Energy and Industrial Strategy traces its climate finance activity to 2010 with the creation of International Climate Finance.
Department for Business, Energy and Industrial Strategy
The Department for Business, Energy and Industrial Strategy traces its climate finance activity to 2010 with the creation of International Climate Finance. The program operates as the UK's primary vehicle for directing public resources toward climate response in developing countries. Deployment spans early-stage venture, growth equity, and fund-of-funds structures. Confirmed positions include British International Investment, British Business Bank, Catalyst Fund, UK Innovation and Science Seed Fund, and Renewable Energy Performance Platform. Geographic reach covers the United Kingdom, Sub-Saharan Africa, Asia, and Latin America. The department maintains 156 mixed-use sites across the United Kingdom plus art holdings through the Government Art Collection. It participates in COP26 and COP27 events and holds memberships in the European Space Agency, Horizon Europe, and Mission Innovation. Governance ties to HM Government create a direct ownership chain through entities such as the Foreign, Commonwealth & Development Office and the Department for Environment, Food & Rural Affairs.
General information
Firm type
Government / Public Body
Year founded
2010
Location
Region
Europe
Country
United Kingdom
City
London
Corporate office
Department for Energy Security and Net Zero 3-8 Whitehall Place, London, SW1A 2EG, United Kingdom
Principals
Alok Sharma
Former Secretary of State
Sector focus
Frequently asked questions
Who runs investment decisions at the Department for Business, Energy and Industrial Strategy?
Investment decisions sit with senior civil servants reporting to the Secretary of State. Alok Sharma served as Former Secretary of State and President of COP26.
Does the Department participate in fund commitments or only direct deals?
The Department uses both structures. It holds limited partner positions in Catalyst Fund and Asia Climate Partners while owning operating businesses such as British International Investment outright.
What investment stages does the Department typically target?
Activity covers early-stage seed and start-up rounds through expansion and growth equity. Fund-of-funds vehicles supplement direct holdings.
Where does the underlying capital come from?
Capital originates from UK government appropriations allocated to International Climate Finance.
How is the Department related to British International Investment?
The Department owns 100 percent of British International Investment through HM Government.
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