UK government planning new green investment bank

Move to help finance climate ambitions follows calls from campaigners and economists

The UK government is poised to reveal plans for a new state-backed green bank to help finance Britain's climate ambitions, three years after ministers agreed to sell the UK's Green Investment Bank.

Kwasi Kwarteng, the energy minister, said that he expects the government to set out how it plans to create a successor to the Green Investment Bank in the not-too-distant future".