We are delighted that the Rt. Hon. Graham Stuart MP, Minister of State for Energy Security and Net Zero in the Department for Energy Security and Net Zero, has written to us in support of Perseus.

Copy of text:

Dear Heather,

Thank you for your letter of 3 March, addressed to the Secretary of State, regarding your work  on Project Perseus. I am responding as this matter falls under my Ministerial portfolio. I apologise for the delayed response.

I would like to congratulate you and the Bankers for Net Zero team for developing a solution to a highly complex and important issue. The Government recognised the significance of UK small and medium-sized enterprises (SMEs) in the Mobilising Green Investment: 2023 Green Finance Strategy, and appreciates the importance of both supporting SMEs to decarbonise and reducing disproportionate reporting burdens.

Project Perseus epitomises the kind of net zero leadership we want to see from the business and finance community. I feel it will be a valuable contribution to the UK’s transition, and would like to offer my full support. In the recent inaugural Net Zero Council meeting we committed to establishing a cross-cutting working group to champion SMEs across the financing and business sector roadmap delivery groups. Martin McTague of the Federation of Small Businesses agreed to lead this working group, and my office is happy to connect you to the group to ensure that Project Perseus is represented.

Additionally, please find attached my letter to CEOs on behalf of the project. I hope this helps convey the opportunity net zero presents for recipients to become leaders in delivering net zero. My office will liaise with you to ensure the letter is sent without delay. In the meantime, please do not hesitate to communicate other ways the Government can help to accelerate or amplify Project Perseus.

Yours ever,

Rt Hon Graham Stuart MP

Minister for Energy Security and Net Zero