Managers welcome increased funding for green sectors

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Managers have welcomed the Chancellor's commitment to further investment in renewable energy and efficiency incentives, as laid out in last week's Budget.

Alistair Darling has set aside an additional £1.4bn to support the low-carbon sector, including £525m for offshore wind and £375m to increase energy efficiency in homes and businesses. As well as pledging a commitment to increasing jobs in the environmental sector, Darling flagged Britain's potential for offshore wind generation to become as important as the country's offshore oil development in the North Sea, with ambitions of deriving 15% of the UK's energy from renewable sources by 2020. Jupiter Ecology fund manager Charlie Thomas said the move presents exciting opportunities for lon...

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