Technology
Technology businesses are at the centre of the UK economy, making cities greener and underpinning the financial, health, manufacturing, and mobility sectors. In 2019, the Green Tech and Sustainability market was valued at £7.19 billion, and is projected to reach £36.86 billion by 2026. With one of the world’s largest technology ecosystems, UK innovations play a key role in conserving natural resources across sectors.
Hong Kong has put forth over 130 initiatives in its Smart City Blueprint for Hong Kong 2.0. Through collaborations between the city’s SMEs and the UK’s green technologies, we can expand Hong Kong’s clean growth opportunities to help improve energy usage, air quality, resource optimisation and overall the city’s citizens’ quality of life.
UK Industry Snapshot
- £50bn is what the UK Green and Cleantech sector is worth annually, equating to 3% of GDP and employing close to one million people.
- £142.9 million has been pledged by the Department for Business, Energy and Industrial Strategy to support green project investment plans
- 2.5 billion will be/has been invested in the UK between 2015 and 2021 to support low carbon innovation.
- £4.7 billion has been provided by the National Investment Fund, with an extra £2 billion in 2020-21.
- 3rd most attractive country in Europe for global tech investments in 2019, hitting a record high of £10.91bn
- 73% more VC investments received by UK Clean Tech companies in 2019 than 2018.
Company Spotlight
Globechain
Globechain the largest and fastest-growing reuse marketplace helps enterprises become more sustainable, save money and achieve their ESG & SDG targets.
Globechain connects enterprises from the construction, retail, hospitality and office sector with non-profits, small businesses and people to redistribute unneeded items, reducing waste and optimising assets through internal and external reuse and loan.
Silverstream Technologies
Silverstream Technologies have developed and pioneered the leading air lubrication technology for the shipping industry, the Silverstream® System.
Telensa Holdings Limited
Telensa provides smart streetlighting solutions helping cities, utilities and local government organisations across the world to reduce their energy consumption and carbon emissions. Telensa’s connected street light system consists of wireless control nodes (attached to each streetlight), a dedicated wireless network and a software platform called a Central Management System (CMS) which is typically hosted in the cloud.
Topolytics
Topolytics is a data analytics business that is making the world’s waste visible, verifiable and valuable. Its WasteMap® platform generates insights for waste producers, recyclers and government, that enable greater materials recovery, drive operational efficiencies, support investment strategies, enhance transparency and reduce carbon emissions through the WasteChain®. Topolytics is acknowledge by IDC, Cleantech Group and SAP as a leading AI and analytics player in the €2Bn ‘waste tech’ sector.
Meet Our Sector Lead
Nikki Spurdle
Head of Sustainable Innovation
Nikki specialises in promoting trade and investment between sustainability-driven technology companies across the UK and Hong Kong, with a particular focus on those providing environmental solutions and renewable energy. Nikki also supports Hong Kong based tech SMEs with international expansion plans to set up an operational presence and investments ambitions within the UK.