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In November 2020, Chancellor Rishi Sunak presented a spending review to parliament. The review specified the creation of a new national infrastructure bank in the north of England. The bank would invest in infrastructure alongside private investment. [11] [12] The bank would be given two strategic objectives. Firstly, to help tackle climate change.
British International Investment, (formerly CDC Group plc, Commonwealth Development Corporation, and Colonial Development Corporation) [2] is the development finance institution of the UK government. [3] The Foreign, Commonwealth and Development Office is responsible for the organisation, and is the sole shareholder. [4]
UK Government Investments (UKGI) is a company owned by the Government of the United Kingdom which combines the former functions of the Shareholder Executive and UK Financial Investments. The company was incorporated in 2015 and is based in London.
The Start Up Loans scheme's mission is to equip entrepreneurs with the tools needed to make their business a success in all industries and sectors. [ 2 ] Upon its launch, the Start Up Loans scheme announced 12 ambassadors [ 3 ] from across the UK as a motivational tool and to provide case examples of young entrepreneurs that have started up ...
By the start of the 20th century the POSB had grown to become the largest banking system in the country, with 14,000 branches; [6] it managed 8.5 million accounts with deposits totalling £140 million. [7] Savings bank facilities were available for troops at the field post offices set up on the Western Front and elsewhere during the First World ...
Invest Northern Ireland (Invest NI) is Northern Ireland's regional economic development agency. It is a non-departmental public body (NDPB) of the Department for the Economy (DfE). According to DETI's website, it "supports business growth and inward investment, promotes innovation, research and development and in-company training, encourages ...
In 2020 the NSSIF was involved in the British Government decision to invest £400 million for a 45% stake in OneWeb, a struggling low Earth orbit satellite communications business. [7] It was reported that the UK would repurpose the satellites for the United Kingdom Global Navigation Satellite System , [ 16 ] but by September 2020 that strategy ...
The UK government's Spending Review of October 2010 that announced a raft of austerity measures to deal with the UK government deficit, also included an announcement about the creation of a Green Investment Bank. The government expected to obtain by early 2013 the European Commission's approval for state aid to the Bank, with investment in ...
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