A new report examining how the UK financial sector can best support the UK’s future green ambitions has been launched by the Minister for Industry Sarah Jones.
FirstGroup, a private sector transport operator, has secured a £150 million green finance facility led by Lloyds Bank to add 1,000 zero-emission buses to its UK fleet network.
Newcastle International Airport has secured its first-ever sustainable finance package, totalling £208 million, from HSBC, ING, NatWest and the Development Bank of Japan (DBJ), to help reach net zero by 2035.
Clean private investment is required to increase by over £140 billion over the next five years if the UK is to reach its net zero targets, states the New Economics Foundation (NEF).
The government has unveiled £10 million in funding for new green finance research hubs in a bid to position Leeds and London as “global centres for green finance”.
