Early stage investing in green SMEs: the case of the UK
Article
Owen, R., Lehner, O., Lyon, F. and Brennan, G. 2020. Early stage investing in green SMEs: the case of the UK. ACRN Journal of Finance and Risk Perspectives. 8 (1), pp. 163-182. https://doi.org/10.35944/jofrp.2019.8.1.011
Type | Article |
---|---|
Title | Early stage investing in green SMEs: the case of the UK |
Authors | Owen, R., Lehner, O., Lyon, F. and Brennan, G. |
Abstract | How might a Green New Deal be applied to the early stage financing of Cleantechs? Amidst rising interest and adoption of Green New Deals in the US, the paper explores the need for more focused policy to address early stage long horizon financing of Cleantechs. We argue that insufficient focus has been applied to early stage investing into these types of innovative SMEs that could lower CO2 emissions across a range of sectors (including renewable energy, recycling, advanced manufacturing, transport and bio-science). Adopting a resource complementarity lens and borrowing from transaction cost theory, we illustrate and build theory through longitudinal UK case studies. These demonstrate how government policy can scale-up through international collaboration public-private, principally venture capital, cofinance to facilitate cleantech innovation with potentially game changing impacts on reducing CO2 emissions in order to meet the Paris 2015 Climate Change targets. |
Keywords | Green new deal, early stage cleantech, low carbon, SME finance |
Research Group | Centre for Enterprise, Environment and Development Research (CEEDR) |
Publisher | ACRN Oxford Ltd. |
Journal | ACRN Journal of Finance and Risk Perspectives |
ISSN | 2305-7394 |
Publication dates | |
Online | 31 Dec 2019 |
07 Jan 2020 | |
Publication process dates | |
Deposited | 14 Jan 2020 |
Accepted | 27 Nov 2019 |
Output status | Published |
Publisher's version | License |
Copyright Statement | © 2019 by the authors. |
Digital Object Identifier (DOI) | https://doi.org/10.35944/jofrp.2019.8.1.011 |
Scopus EID | 2-s2.0-85079658167 |
Language | English |
https://repository.mdx.ac.uk/item/88v9y
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