Hands Picumi

A new £5m investment fund dedicated to sustainability and environmental initiatives has been launched by Ground Control, a supplier of award-winning landscaping and maintenance services.

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.

“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,” said Ground Control co-founder Kim Morrish.

She continued: “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.”

Co-founder, Simon Morrish, added: “From the very start, a passion for nature and commitment to sustainability has been central to what Ground Control does every day.

“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.”

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
  • Dedicate £100,000 annually to finance the planning of one million new native trees to create protected areas of biodiversity

Investment criteria:

  • The Evergreen Fund will invest in entrepreneurs who have a clear vision of how to effect positive environmental change, combined with the experience, hard work and commitment to deliver
  • Applicants must be able to clearly display their positive, measurable and sustainable contribution, have a proven/sustainable business and revenue model, and demonstrate a competitive marketplace advantage and an opportunity/vision to scale
  • The fund will directly invest in Seed, Series A and higher but will avoid pre-seed or investments in fee-bearing funds
  • Investments will range in size from £10,000 to £500,000

Ventures must contribute to at least one of these measures of ‘positive environmental change’:

  • Reducing greenhouse gas emissions - increasing natural resource efficiency
  • Protecting the natural environment
  • Protecting biodiversity
  • Promoting environmental sustainability

Visit the Evergreen Fund website for more information.

Amanda Armstrong
Article by Amanda Armstrong
Share Article