Senior Tories have today defended the UK’s competitiveness as a destination for green investment, hitting back at mounting concerns among business leaders that the government’s current industrial policies are undermining its position in rapidly growing clean technology and energy markets.

Speaking at a press conference at the Innovation Zero conference in West London this afternoon, former International Trade Secretary Liam Fox said regulatory reform that could unlock private finance for clean technology start-ups would be key to maintaining the UK’s pole position in growing global clean tech markets.

Fox, the chair of the two-day clean technology event in London, said that where green start-ups were leaving the UK for other markets it was primarily because of hurdles related to “scale-up finance”.

“I’m actually optimistic about what Britain can do,” he told reporters. “If have a worry – which I do – it is around the ability of our financial sector

Keep reading this article on Business Green - Incisive Business Media (IP).

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