Lloyds Banking Group has held a first close on its latest infrastructure fund, its second such vehicle to successfully reach the milestone this year, as the bank continues to support infrastructure despite cutbacks elsewhere.

According to a spokesman for the bank, Lloyds has held a first close of £150m on its latest fund - Lloyds Bank UK Infrastructure Partners - from a number of institutional investors including the European Investment Bank.

Lloyds holds first close on UK infra fund

The success comes as the bank continues to support infrastructure despite cutbacks elsewhere

Kiel Porter

Lloyds Banking Group

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