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Green investment trust wins multi-million pound backing from UK government
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The UK government has pledged up to £25m for a newly-listed investment trust as part of a drive to plough more money into sustainable investment projects in emerging markets and developing economies.
The government’s investment in the ThomasLloyd Energy Impact Trust will come from a £66m pot sidelined for its Mobilist programme — an initiative run by the Foreign, Commonwealth & Development Office which seeks to develop new investment products listed on public markets.
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