A new £5m investment fund dedicated to sustainability and environmental initiatives has been launched by landscaping firm Ground Control.
Financed by 5% of Ground Control’s annual profits, the Evergreen Fund will specialise in providing seed and growth capital to early-stage companies and social enterprises that are focused on delivering measurable, beneficial and sustainable environmental impact.
Over the next five years, the fund will invest £5m in early-stage environmental ventures, become a perpetual investment facility with profits reinvested into new sustainable ventures and will dedicate £100,000 annually to finance the planning of one million new native trees to create protected areas of biodiversity.
The Evergreen Fund is open to entrepreneurs who have a clear vision of how to effect positive environmental change.
Ground Control co-founder Kim Morrish said: ‘As a company, we’ve always felt strongly about the environment so the launch of the Evergreen Fund is a milestone moment for Ground Control,
‘Launching the fund is a natural extension of our belief that business can and should be a force for good when it comes to environmental responsibility, especially during such a critical period for conservation and climate change.
‘What binds everyone involved in the Green Fund – our founders, co-investors and investees – is our belief in business as a force for good and our collective ability to affect positive change together.
‘From the very start, a passion for nature and commitment to sustainability has been central to what Ground Control does every day,’ added Ground Control co-founder Simon Morrish.
‘Whether it’s moving to a fully electric fleet of vehicles or leading major tree-planting schemes, we are dedicated to finding new and innovative ways to protect our environment. With the financial investment from Ground Control, we are now in a position to catalyse and amplify sustainability and carbon sequestration initiatives.’
For more information visit https://www.ground-control.co.uk