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Launch of green innovation fund

£125 million pounds of investment is to be pumped into Britain's fast growing environmental industry.

The decision comes seven months after the government announced the creation of a £1 billion innovation fund to help fund technology based businesses.

Hermes Private Equity is the company behind this latest investment, they'll be helping entrepreneurs in the clean energy industry with the money for up to three years.

The investment comes after the UK was claimed to be the sixth largest low carbon and environmental economy in the world, with 3.5 per cent of the global market share.

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