UK Food-Tech Funding Soars as Business Secures £2.5m from Clean Growth Fund – Food & Drink International

• UK-based bio-tech business Clean Food Group secures £2.5 million funding from Clean Growth Fund
• Funding to accelerate commercialization of sustainable oils and fats technology using food waste as a source
• Clean Food Group’s technology aims to reduce carbon emissions and offer sustainable alternatives to traditional oil and fat ingredients
• Investment in Clean Food Group from various entities including Agronomics, Alianza Team, Doehler Group, and SEED Innovations Ltd.
• Clean Food Group’s go-to-market product offers a 90% reduction in greenhouse gases compared to traditional palm oil

Exploring the UK Food-Tech Funding Landscape

In a recent development, a UK food-tech business, Clean Food Group, has managed to secure a significant amount of funding amounting to £2.5 million from the Clean Growth Fund. This funding boost marks a crucial step for Clean Food Group in its mission to revolutionize the food industry with sustainable oils and fats technology.

The Significance of Clean Growth Fund in UK Food-Tech

The Clean Growth Fund, a climate-specific UK venture capital fund, plays a pivotal role in supporting cleantech entrepreneurs in the UK by providing the necessary expertise and capital to combat carbon emissions and address the pressing climate crisis. By investing in innovative companies like Clean Food Group, the Clean Growth Fund aims to drive impactful change in the food industry and promote sustainability.

Clean Food Group’s sustainable oils and fats technology platform is set to disrupt the traditional oil and fat ingredients market by leveraging scalable yeast strains and fermentation technology. By utilizing food waste as a primary food source, Clean Food Group’s technology offers a sustainable alternative to conventional oil and fat production methods, which are notorious for their environmental impact.

Related Video

Published on: June 2, 2022 Description: Here's how one man's love of food led him to raise $130 million for his start-up called Goldbelly, a nationwide overnight delivery ...

How I Built A Food Start-Up Called Goldbelly | Founder Effect

Addressing Climate Challenges in the Food Industry

The global food production sector accounts for a significant portion of greenhouse gas emissions, with monocultures and inefficient waste management practices contributing to environmental degradation. The rise in deforestation, diseases, and land exhaustion further exacerbates the challenges faced by the food industry in maintaining sustainability.

In this context, Clean Food Group’s innovative approach to producing oils and fats presents a promising solution to reduce the environmental footprint of food production. By developing a drop-in ingredient that can replace traditional palm oil in various applications such as baked goods, confectionery, and cosmetics, Clean Food Group aims to offer a more sustainable choice for consumers and businesses alike.

Collaborative Efforts for a Sustainable Future

The success of Clean Food Group in securing funding from reputable investors such as Agronomics, Alianza Team, Doehler Group, and SEED Innovations Ltd. underscores the industry’s recognition of the importance of sustainable food technologies. These strategic partnerships, combined with the support from the Clean Growth Fund, position Clean Food Group as a key player in the transition towards a more sustainable and environmentally conscious food industry.

By aligning with the vision of the Clean Growth Fund to accelerate innovation and address climate change, Clean Food Group is poised to make a significant impact on the global food system. With a fully funded commercialization plan in place, Clean Food Group is well-positioned to scale up its technology platform and pave the way for a healthier, more sustainable future for the food industry.

The recent funding secured by Clean Food Group from the Clean Growth Fund highlights the growing importance of sustainable food technologies in the UK food-tech landscape. By leveraging innovative solutions and strategic partnerships, companies like Clean Food Group are driving positive change and shaping a more sustainable future for the food industry.