Asset Management

Green investment trust wins multi-million pound backing from UK government

Investment in the listed ThomasLloyd vehicle will come from a £66m pot the government has sidelined for its Mobilist programme

Focus shifts to overseas polluters with new investment vehicle
Focus shifts to overseas polluters with new investment vehicle Photo: Getty Images

The UK government has pledged up to £25m for a newly-listed investment trust as part of a drive to plough more money into sustainable investment projects in emerging markets and developing economies.

The government’s investment in the ThomasLloyd Energy Impact Trust will come from a £66m pot sidelined for its Mobilist programme — an initiative run by the Foreign, Commonwealth & Development Office which seeks to develop new investment products listed on public markets.

WSJ Logo
Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With TrumpExternal link

Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With Trump