Barclays has relaunched its “Eagle Lab” co-working space with a new focus on supporting up-and-coming climate tech businesses.
The initiative comes as the global sustainability market is expected to grow by 20.8% from 2023 to 2030, according to data from Statista, with Barclays positioning its venture as the “centre of excellence” for high-growth companies.
Nick Stace, head of sustainability at Barclays UK, said the bank wants to play a key role in supporting climate-tech and sustainability-focused businesses by giving them the tools to scale.
“It was crucial that the retrofit and internal redesign of the building accurately reflect the ethos of the businesses that will use it and we expect it to provide significant energy efficiency improvements, allowing us to take an important step forward in reducing our own operational emissions,” Stace said.
The Eagle Lab has been redesigned with a variety of carbon-reduction technologies, which aim to reduce the building’s carbon emissions by 90%.
The bank has also partnered with companies from its Sustainable Impact Capital portfolio and Unreasonable Impact programme to deliver the energy-efficient space.
The space has been engineered with a focus on collaboration, with 75% more space for networking and capacity for 130 people.
Barclays is helping its clients on the path to net zero and is focused on investing in the climate technology needed by society to transition.