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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