Freeport East sign new understanding with London-based consultant firm

Greencrowd Partnership, based in Covent Garden, have signed a memorandum of understanding to help small and medium enterprises (SMEs) access capital. The Greencrowd Impact Fund is planned for 2025. Freeport East, one of 12 economic growth zones in the UK, have allocated over GBP1m of capital grants to support high-potential SMEs[1] in the area this year.

Green- greenCrowd and Freeport East executives at the MOU signing (Image: Freeport East) Steve Beel, chief executive of Freeport East[2], said: "Freeport East are delighted to collaborate with GreenCrowd to bring more support and capital to innovative and impactful SMEs in our region. "Numerous studies have demonstrated that, outside of London, capital becomes an increasingly severe constraint on the ability of SMEs to reach their full potential. "Unless we resolve this, we will not deliver on net zero and the growth this country needs.

"By working together, we can create new opportunities for SMEs, support the UK's net-zero ambitions, and reinforce Freeport East as a leader in sustainable development."

GreenCrowd partner Rick Gambetta added: "The Greencrowd Impact Fund is being developed to address critical gaps in UK SME financing, particularly in sustainability-focused sectors.

"Our collaboration with Freeport East will explore pathways to help innovative businesses access the resources and support needed to scale their solutions and contribute to a greener future."

References

1. ^ have allocated over GBP1m of capital grants to support high-potential SMEs (www.harwichandmanningtreestandard.co.uk)
2. ^ Freeport East (www.harwichandmanningtreestandard.co.uk)