UK Export Finance allocates £2bn for clean growth projects

The export credit agency’s direct lending facility has been more than doubled to £8 billion by Chancellor Rishi Sunak

UK Export Finance’s (UKEF) direct lending facility has been more than doubled to £8 billion, with £2 billion allocated for clean growth projects.

The Chancellor, Rishi Sunak, significantly increased the finance available to the export credit agency, which provides overseas buyers of goods and services with financing support.

The finance bookmarked for clean growth will be used to support sustainable and renewable projects and encourage the transition from a fossil fuel-based economy to one driven by low carbon solutions.

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