Government ramps up green finance push with new green VCT plans

New green finance standards also unveiled

Clean Growth Minister Claire Perry

Clean Growth Minister Claire Perry

The government has announced a raft of fresh initiatives designed to cement the UK's position as a global green finance hub, unveiling plans for a new clean tech venture fund, fresh green finance standards and wider promotional activities for the fast-expanding sector.

As part of Green GB Week, Energy and Clean Growth Minister Claire Perry today attended a series of events in The City of London designed to highlight the growing influence of the UK's green finance industry. The events come as the government today launched a Request for Proposals for fund managers to run a new clean tech-focused venture capital fund. Dubbed the Clean Growth Fund, the initiative will combine up to £20m of government investment alongside at least £20m in private funding. The government said the aim of the new fund was to catalyse the clean tech market and help early sta...

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