British Business Bank and fellow Public Finance Institutions welcome the Government’s Green Finance Strategy for 2023

Press release 30 March 2023

In a joint statement, the British Business Bank, UK Research and Innovation (UKRI), UK Infrastructure Bank (UKIB) and UK Export Finance (UKEF) today welcome the launch of HMG’s Green Finance Strategy for 2023, saying:

Moving our economy towards net zero is both an environmental necessity and a huge economic opportunity. There is a real chance to drive business value, unlock growth, and scale technologies across all sectors, regions and Nations of the United Kingdom.

Each of our institutions plays a central role in helping to unlock investment to meet net zero. Alongside other government levers, we support cutting-edge research, unleash the full potential of start-ups and scale-ups, finance critical infrastructure projects, and realise the massive export opportunities of bringing UK-based solutions abroad.

We will seek to increase the pace of investment in the transition and enable businesses and projects of all sizes across the UK to access the finance required to drive progress. We are establishing a joint UK Public Financial Institutions Green Finance and Sustainability Forum to drive forward our collaboration on this objective, building upon our respective roles and experience in mobilising investment across the UK.

We are aligned with the priorities of the government’s Green Finance Strategy and commit to working with all our stakeholders to accelerate our economy’s journey towards decarbonisation and green growth.