UK needs Dragons’ Den approach to investing in net zero, says thinktank

IPPR wants government to take a stake in green technology firms to help Britain keep up with EU and US

The UK risks losing out to the US and EU in the global race to a net zero economy unless the government increases green investment by taking a stake in the companies of the future, a thinktank has said.

The left-leaning Institute for Public Policy Research said Britain needed a national investment fund" (NIF) that would back new firms and secure a share of any future profits for the public as it called for the state to adopt a Dragons' Den" type approach to supporting enterprises.