探花社区

GreenFin Research

Sustainable financial growth for cleantech and nature positive

探花社区

The growth of Green Finance

Access to finance is increasing for start-ups and SMEs, particularly those in the cleantech, Nature Positive biodiversity, and nature-tech sectors.

This growth reflects the focus on environmental protection and renewal within the UN Sustainable Development Goals. It also supports efforts to meet climate and biodiversity goals for a more sustainable society and planet.

探花社区

GreenFin was established within 探花社区 University (MU) Business School. It brings together leading researchers from:

  • business, management, and finance
  • biodiversity and natural sciences
  • computer science and technology.

Our network also draws on interdisciplinary expertise in entrepreneurial finance and sustainability across 探花社区 University Faculties.

Our Research

Our Research

Our goal is to combine high-quality research with cutting-edge insights. This work improves understanding of green and sustainable finance processes and their impacts.

We make major contributions to the ESRC-funded Centre for Understanding Sustainable Prosperity ().

We have completed several evaluations for UK and international government departments and agencies, including:

  • the UK Department for Business and Trade
  • the Republic of Ireland Department for Enterprise, Trade and Employment
  • Innovate UK
  • British Business Bank.

We have also produced major grant reports and published high-impact journal articles. Our researchers have led the publication of major journal special issues.

Current projects include:

Recently completed projects

  • 2025: Farmers as Empowered Intermediaries in Nature Markets? Report for the Agri-food for Net-Zero (AFN+) programme. This practice-focused research report and policy brief was co-authored with Prof Fergus Lyon. It examines the role of farmers as intermediaries in emerging nature markets and was published through CUSP.
  • 2024: Study of English SMEs’ Access to Green Debt Finance, 探花社区 RFF project
  • 2023-24: Evaluation of Early Equity and Scale-up Finance in the Republic of Ireland. Report for DETE and Enterprise Ireland
  • 2023: Demand for external finance by environmentally-motivated SMEs: An exploration of geographical disparities and potential in relation to Net Zero. London. Grant report to the UK Enterprise Research Centre (ERC)
  • 2023: Natural Capital Markets: what farmers and policymakers need to know. Food, Farming and Countryside Commission. This practice-focused  was widely shared with farming organisations and policymakers. It was co-authored with Prof Fergus Lyon
  • 2023: Sustainable SME Freight and Logistics, 探花社区 HEIF project
  • 2022: SME Financing for Biodiversity: Building Nature Measurement and Impacts into SME Financing ("SME FinBio"). Clients: Natural Environment Research Council (NERC) and Finance for Biodiversity (F4B)
  • 2021: UKEFF Cleantech finance toolkit project
  • 2021:
  • 2020: Redefining SME Productivity Measurement and Assessment for a Low Carbon Economy. Client: ESRC Productivity Insights Network (PIN)
  • 2018-2019: An econometric analysis of public support for innovation on business outcomes for BEIS
  • 2018-2020: Evaluation of the Investment Accelerator Programme for Innovate UK (UKRI)
  • 2018-2021: National Evaluation of the English European Regional Development Funds (ERDF) for MHCLG
  • 2018-2022: Early Assessment and Interim Evaluation of Regional Investment Funds, for British Business Bank
  • 2017-2022: Early Assessment and Interim Evaluations of Loan Pilots Scheme for Innovate UK
  • 2020: Development of a sustainability reporting model as a self-evaluation tool for corporations. This project was completed with the Committee of Business Responsibility Reporting at the Ministry of Corporate Affairs.
Postgraduate Research

Postgraduate Research

GreenFin welcomes applications for PhD and DProf study in any area of green and sustainable finance.

We are particularly interested in sustainable financial growth and access to finance for start-ups and SMEs in:

  • cleantech
  • Nature Positive biodiversity
  • nature-tech sectors.

PhD Students

  • Shan Wang: "The effectiveness of Social Investment Tax Relief in helping social enterprises in raising finances during the start-up stage"
  • Nia Nejatali - "Sustainable asset management in the built environment"
  • Giannis Mylopoulos: "The key role of venture studio model. Positioning the genesis of SSPVC model, an impactful venture metric assessment methodology. A critical perspective through European venture studio approach leading to innovative performance". Supervised by Dr Yannis Pierrakis, with Prof Owen as Advisory PhD supervisor at the University of Catalonia.

Postgraduate Teaching/CPD

Business and Enterprise for Sustainable Prosperity forms part of the MSc Sustainable & Environmental Management.

Our partners

Our partners

Close collaboration with partner organisations is central to GreenFin’s work and helps us produce impactful research.

Our partners include:

  • University College Cork
  • Dublin City University
  • University College Dublin
  • University of Catalonia
  • Birmingham City University
  • SQW Research
  • Kingston University
  • University of East London
  • Enterprise Research Centre, Warwick Business School
  • London West innovation Network
  • London Councils
  • Norwich Business Improvement District
  • The Great Collaboration East Anglia Pilot
  • Institute for Small Business and Entrepreneurship.
Events

Events

Past events 2025

  • 探花社区 SME Nature Positive Finance Green Accelerator Bootcamp start event, 16 January, 2025
  • GreenFin SME Green Finance International Symposium, 4-5 February, 2025. For details contact r.owen@mdx.ac.uk or j.kitching@mdx.ac.uk
  • 探花社区 NP SME Accelerator Pitching Event, Central London, May 2025
  • 探花社区 GreenFin and Birmingham City University annual conference, June 2025.
Our outputs and activities

Our outputs and activities

Recent publications

  • Mukherjee, A., Owen, R., Scott, J. M., & Lyon, F. (2024). Financing green innovation startups: a systematic literature review on early-stage SME funding. Venture Capital, 1–27.
  • Gottschalk, S., Owen, R. and Coban, I. (2024) Are English SMEs disadvantaged in accessing Green Finance? A study of UK (bank and non-bank) debt finance provision. Report by GreenFin and 探花社区 NERC IFB programme and CUSP
  • Roper, S. and Owen, R. 2024. Understanding equity access and use in early-stage ventures. Coventry, UK Enterprise Research Centre (ERC).
  • Owen, R., Botelho, T., Mac an Bhaird, C., Hussain, J., Pierrakis, Y., Scott, J. and Lodh, S. 2023. Editorial entrepreneurial finance for green innovative SMEs. IEEE Transactions on Engineering Management. 70 (3), pp. 942-949. https://doi.org/10.1109/TEM.2022.3224870
  • Owen, R. and Vedanthachari, L. 2023. Exploring the role of U.K. Government policy in developing the university entrepreneurial finance ecosystem for Cleantech. IEEE Transactions on Engineering Management. 70 (3), pp. 1026-1039. https://doi.org/10.1109/TEM.2022.3153319  
  • Owen, R. 2023. Lessons from government venture capital funds to enable transition to a low-carbon economy: the U.K. case. IEEE Transactions on Engineering Management. 70 (3), pp. 1040-1054. 
  • Gottschalk, S. and Owen, R. 2023. Demand for external finance by environmentally-motivated SMEs: An exploration of geographical disparities and potential in relation to Net Zero. London, UK Enterprise Research Centre (ERC). 
  • Owen, R., Vedanthachari, L. and Hussain, J. 2023. The role of the university entrepreneurial ecosystem in entrepreneurial finance: case studies of UK innovation knowledge centres. Venture Capital.  
  • Elf, P. and Owen, R. 2023. Developing Brazil's sustainable finance entrepreneurship ecosystem: The role of keystone actors and institutional logics. in: Hussain, J.G., Salia, S. and Scott, J.M. (ed.) Entrepreneurial Financial Resilience and Financial Innovation in a Turbulent Era Edward Elgar Publishing. pp. 190-207  
  • Lyon, F., Elf, P., Owen, R. and Werner, A. 2023. Finance and funding for upscaling sustainable fashion. in: Charter, M., Pan, B. and Black, S. (ed.) Accelerating Sustainability in Fashion, Clothing and Textiles London Taylor & Francis (Routledge).  
  • Owen, R., Brennan, G., Lyon, F. and Harrer, T. 2021. Financing Cleantech SME innovation: Setting an agenda. IEEE Transactions on Engineering Management. 68 (4), pp. 1168-1172.   
  • Owen, R., Brennan, G. and Lyon, F. 2018. Enabling investment for the transition to a low carbon economy: government policy to finance early stage green innovation. Current Opinion in Environmental Sustainability. 31, pp. 137-145. (Over 300 citations) .

Recent activities

  • 18 September 2024: CILT online event, "Can Driving Environmental Change in Road Freight Pay Dividends?" Dr Burnett and Prof Owen presented to the Chartered Institute for Logistics and Transport (CILT)
  • 15 July 2024: GreenFin researcher Prof Owen joined a panel at the University of Wolverhampton symposium on West Midlands SMEs and sustainable AI
  • 9 July 2024: West London Chamber of Commerce UK Economic Forecast event with the Bank of England. Prof Owen and Nick Lythe of Green Angel Syndicate gave keynote presentations on the need for UK SME green innovation investment from the new Labour Government
  • 5 July 2024: 探花社区 GreenFin and Birmingham City University co-sponsored the one-day NERC and ISBE conference at BCU, "Biodiversity Net Gain and Green Finance for SMEs: A Midlands Perspective". Prof Owen, Dr Burnett, and Dr Gottschalk contributed
  • 20 June 2024: , held in the 探花社区 Boardroom
  • 27 March 2024: Prof Owen gave a keynote presentation at a University of Greenwich symposium on the use of UN SDGs by investors in SME environmental impact innovation
  • 15 March 2024: Prof Owen, Dr Burnett, Dr Werner, and Prof Lyon made major contributions
  • 24 November 2023: "UK SME Green Innovation Ecological Services Solutions for Finance Markets", held at Fox Williams LLP in central London. Prof Owen, Dr Burnett, Prof Lyon, and Dr Werner presented
  • 16 November 2023: Enterprise Research Centre and Department for Business and Trade Longitudinal Small Business Survey research dissemination event at the Shard. Dr Gottschalk presented research on demand for external finance among environmentally-motivated SMEs
  • 8-10 November 2023: 探花社区 GreenFin researchers presented two papers at the ISBE annual conference in Birmingham. Prof Owen discussed SME Nature Positive innovation finance in the UK. Dr Burnett presented on regenerative value and relocalised and inclusive enterprise
  • 18 October 2023: West London Chamber of Commerce sustainable trade with New Zealand event with Jonathan Porritt. GreenFin NERC IFB researchers Prof Owen and Dr Burnett gave a keynote presentation
  • 5 July 2023: Westminster Business Forum event, "Next Steps to Achieving Green Economic Growth". Prof Owen presented on policy challenges in financing UK SME green innovation
  • 1 June 2023: University of Angers SME Sustainable Innovation Finance conference in France. Prof Owen gave a keynote presentation on SME Nature Positive innovation finance in the UK. The audience included local representatives from ADEME and Bpifrance
  • 13 March 2023: Energy Saving Trust Local Authority Climate and Environmental Action event. Prof Owen gave a keynote presentation titled "Financing SME Greening: UK Business and Policy Evidence and Role for Local Authorities".
Our staff

Our Staff

GreenFin Leads

Professor Robyn Owen
Professor of Entrepreneurial Finance

Dr Sylvia Gottschalk
Senior Lecturer in Economics

Cluster Staff

Professor George Dafoulas
Professor of Information Systems & Business Computing

Dr Amy Burnett
Research Fellow in Sustainable & Inclusive Enterprise

Dr Patrick Elf
Associate Professor in Sustainable Business

Dr Ignatius Ekanem
Senior Lecturer in Business and Management

Dougal Fleming
Consultant at Green Business Team

Shan Wang
Senior Lecturer

Dr Joanna Kitching

Pamela Macaulay
Administrator

Contact us

Keep in touch

To learn more about our research, academic staff, or publications, please contact:

Dr Robyn Owen, Associate Professor of  Entrepreneurial Finance
Email: r.owen@mdx.ac.uk
Tel: 07801970715 

Dr Sylvia Gottschalk, Senior Lecturer in Economics
Email: s.gottschalk@mdx.ac.uk

Pamela Macaulay, CEEDR administrator
Email: p.macaulay@mdx.ac.uk
Tel: 020 8411 5460

Social Media Handles

Address

CEEDR 
探花社区 University Business School 
The Burroughs 
Hendon 
London NW4 4BT 
United Kingdom 
fax: (+44) (0) 20 8411 6607