Blackfinch will invest in its new energy transition strategy as a "sign of commitment".
The Blackfinch Energy Transition EIS portfolios were launched this week (October 1).
Themes under the portfolios will include the shift from fossil fuels to renewable energy, electrification of transport and heating, the development of energy storage solutions and the digitalisation of energy systems to improve efficiency and transparency.
Blackfinch carried out a survey of 200 of its investors which found 54 per cent of investors and advisers were 'very likely' or 'somewhat likely' to invest in an EIS product during the current tax year, with energy transition identified as the most popular investment theme.
Richard Cook, CEO of Blackfinch Group said" “Investing into greener energy, delivered through smarter technology will enable our investors to align with Blackfinch in our goals to access the most sustainable companies around - which are all united by a common purpose to create a more sustainable environment.
"Having seen some of these technology companies myself, I’m incredibly excited by the opportunity this theme presents. So much so that Blackfinch will be investing alongside investors as a sign of our commitment and support to the energy transition strategy.”
Blackfinch said the building, transport and industry sectors are under pressure from regulatory and legislative tailwinds to transition towards greener technology solutions.
The firm has created an investment framework to address the sectors most in need of help.
Tim Wynn-Jones, head of energy transition at Blackfinch Group, said: “Our focus is on technologies that are crucial to the UK’s decarbonisation efforts.
"With the country’s legally binding Net Zero 2050 targets and multiple sectors aiming for Net Zero by 2030, there’s a critical opportunity to support businesses driving the energy transition. These companies are helping to reshape the building, transport and industry landscapes now for generations to come.”
tara.o'connor@ft.com
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