Budget 2011: Green investment bank gets £2bn extra funding
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Chancellor George Osborne has announced an additional £2bn in funding to establish a green investment bank.
Prior to today’s Budget address, the Government had already committed £1bn in funding.
Osborne has now pledged a further £2bn in funding towards the bank, which will be underwritten by the Treasury.
He says this additional funding will allow the green investment bank to start borrowing and investing a year earlier than planned, in 2015/16.
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