UK considers copy of Canada’s growth fund to boost investment ...Middle East

LONDON: The United Kingdom government is considering copying the Canada Growth Fund to help channel investment into green technology and fast-growing businesses in a bid to boost the economy. The Treasury could announce plans for a similar vehicle in next month’s Autumn Statement, according to two people familiar with the matter. Treasury officials have formulated a paper on the topic and are testing the idea with external experts, the people said. A UK growth fund could be managed by the British Business Bank, the state-owned entity which lends and takes equity stakes in businesses around the United Kingdom. Both the ruling Conservative Party and the

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