London, June 2025 — Barclays Climate Ventures has catalyzed over £508 million in climate technology investment since 2020, according to its newly released 2024 impact report. By investing £203 million of its own capital—often as a lead or co-lead investor—Barclays unlocked an additional £305 million from third parties, mobilizing £2.18 for every £1 invested.
The initiative targets the “missing middle” in climate tech financing—firms too capital-intensive for venture funds and too early-stage for infrastructure investors. By addressing this systemic funding gap, Barclays has supported the growth of companies advancing renewable energy, sustainable infrastructure, and carbon reduction technologies.
“The UK is home to a thriving climate tech ecosystem, but unlocking its full potential requires addressing persistent financing barriers,” said Steven Poulter, Head of Barclays Climate Ventures. “We’ve adjusted our risk approach to help catalyze this space—and we encourage others to do the same.”
Validated by the Carbon Trust, the report also highlights Barclays’ economic impact: 1,309 jobs created globally, including 664 in the UK.
Barclays Climate Ventures aims to deploy £500 million in equity capital between 2020 and 2027, reinforcing its role as both an investor and strategic enabler of the next-generation, low-carbon energy system.
The Barclays building 1 Churchill Place by Matt Buck
