Battery Investment Facility (BIF)
The UK’s automotive sector is critical to the UK the economy, turning over £79 billion a year and directly employing c. 800,000 across the wider automotive industry. Transitioning this sector to net zero through battery electric vehicles is essential, and represents a $2.7 billion investment opportunity.
The UK has the foundations to foster a thriving battery supply chain. The grant landscape has successfully driven investment to date in UK start-ups, but to enable these businesses to scale and access long-term private finance, an innovative approach to deploying public capital is required. Without continued investment in this sector beyond grants, battery companies will fail to grow in the UK, or seek investment in other geographies.
After engaging with financiers, industry and existing government grant bodies, the GFI designed the Battery Investment Facility (BIF), a blended finance facility with potential to crowd in 3-5 times initial public investment via a co-investment model. This innovative structuring allows public capital to go further for longer, with no additional cost or risk – providing taxpayer value for money and allowing battery companies to cross the scale-up gap and deliver on their full potential.
The BIF will invest in key building blocks of the whole battery supply chain, pivotal to securing the long-term future of both existing and future large-scale battery manufacturing plants in the UK.
Case Studies
Case Studies
04.06.24
Taskforce on Nature-related Financial Disclosures (TNFD)
The Green Finance Institute co-chaired the TNFD Informal Working Group and as well the launch of the TNFD
Case Studies
04.06.24
UK Green Taxonomy
The Green Technical Advisory Group (GTAG) provides independent, non-binding advice to Government on the design and implementation of a UK Green Taxonomy.
Case Studies
04.06.24
Utilisation Linked Finance
A successful UK-first pilot project in Orkney, Scotland, has demonstrated how deploying public finance catalytically could unlock billions of pounds worth of private capital...
Case Studies
04.06.24
The Green Finance Fund
The Green Finance Fund was one of the recommendations from the Green Finance Institute (GFI) report, Mobilising Capital at Scale for Net-Zero Projects.
Case Studies
04.06.24
Investment Readiness Toolkit/Farming Toolkit
The Green Finance Institute has developed two toolkits: (1) an Investment Readiness Project Toolkit and (2) a Farming Toolkit.
