Knight Frank and EIT Climate-KIC team with the Mayor of London to boost green tech across the Capital
Knight Frank and EIT Climate-KIC, have partnered with the Mayor of London and the London Legacy Development Corporation (LLDC) to boost the procurement of clean technology across London’s public sector.
The partnership, Aggregating CleanTech (ACT) London, is being supported with over GBP150,000 of new funding from EIT Climate-KIC as it enters its second stage.
The aim of the ACT London project is to accelerate the procurement of cleantech goods and services by public bodies in London, utilising the CityTech procurement portal. The portal will facilitate the sharing of knowledge and learning amongst and across London’s boroughs and other public bodies. This will identify and aggregate demand, giving cleantech SMEs across the UK access to significant new procurement opportunities.
London’s climate and environment sector is already worth GBP40 billion in sales per annum and is growing by over 10 per cent a year, according to Imperial College London. There are huge opportunities to accelerate this growth further utilising public sector procurement. The new platform will give London’s cleantech firms easier access to London’s annual public procurement spend of over GBP35 billion.
Accelerating the growth of the cleantech sector in London is a key part of the Mayor’s economic and environmental strategies; improving London’s environment and creating new jobs.
London’s Deputy Mayor for Business, Rajesh Agrawal, says: “Supporting the creation of new green jobs and further growth across the capital’s world-leading cleantech sector will be an important part of the recovery from Covid-19 – and this project will help lay the foundations. The Mayor’s ambition for London to be a zero-carbon city by 2030 will only be met if we accelerate innovation and the procurement of cleantech goods and services across London.”
David Goatman, Head of Energy, Sustainability and Natural Resources at Knight Frank, says: “We are delighted to be supporting this hugely important project. The growth of the cleantech sector in London is a win-win for the capital and aggregating public sector demand to drive the uptake of cleantech goods and services is an important way of accelerating London’s low carbon transition.”
George Johnston, Founder of Nitrous, the CityTech development partner of the GLA, said: "Ninety one per cent of London's public sector technology contracts are delivered by just 15 suppliers. With this new approach of pre-procurement collaboration, the capital's innovators can create new solutions that address shared challenges within the crucial cleantech sector."
Brian Kilkelly, Development Lead at EIT Climate-KIC, adds: “ACT London was chosen for support in recognition of the potential for a systemic shift in procurement practices. Covid-19 and the climate crisis require wholesale shifts in how we develop our cities globally. Bringing world leading innovation into supply chains at scale can empower this transformation. We believe ACT London has an exciting role to play in achieving this.”