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JCB heir Jo Bamford launches £1bn hydrogen investment fund

By September 8, 2021December 2nd, 2021No Comments

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JCB heir Jo Bamford launches £1bn hydrogen investment fund

Sep 8, 2021 • The Manufacturer

Jo Bamford, son of JCB chairman Lord Bamford and heir to the multibillion-pound construction equipment firm fortune, has launched a £1bn investment fund to finance green hydrogen projects. The fund will be injected into UK businesses to help them drive hydrogen production and supply, create jobs and support the Government's Net Zero ambitions.

This fund is being launched in combination with multi-family office, Vedra Partners.  According to the article, the fund currently stands at around £200m after its first round of investment, but its aim is to raise more than £1bn in total to help the UK hydrogen sector compete with other territories. The fund’s founders say they have already identified more than 40 firms in the hydrogen space which will be evaluated for investment.

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