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jcb-heir-launches-1bn-hydrogen-investment-fund
© Ryse/Wrightbus
jcb-heir-launches-1bn-hydrogen-investment-fund
© Ryse/Wrightbus

JCB heir launches £1bn hydrogen investment fund

JCB heir Jo Bamford has today (September 6) unveiled a new hydrogen investment fund which has set its sights on raising £1bn ($1.3bn).

Launched in collaboration with multi-family office Vedra, the fund, dubbed HyCap, will help to fast-track green hydrogen production and supply in the UK to meet the Government’s net-zero ambitions.

Already, the fund has raised more than £200m and Bamford said the team has identified more than 40 firms which will be evaluated for potential investment.

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