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£100m Clean Growth Fund looking to invest in North East firms

A £100m venture capital fund dedicated to companies in the green industries is targeting North East firms for investment.

The Clean Growth Fund, which is backed by local authority pension funds, major financial institutions and the Government, says it wants to invest in young and innovative clean-tech companies that are pioneers in carbon emission reduction, can help accelerate the UK’s efforts towards net zero and have strong growth prospects. Target sectors include power and energy, buildings, transport and waste, and fund managers say the North East’s strong record in those fields has drawn it to the region.

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