2 Objectives and activities

2  Objectives and activities

(1)     The Bank must secure that its articles of association contain a statement of its objects.

(2)     The statement must provide that the Bank's objects are restricted to delivering the Bank's objectives through the exercise of the Bank's activities.

(3)     The Bank's objectives are—

(a)     to help tackle climate change, including by supporting efforts to meet the target for 2050 set out in section 1 of the Climate Change Act 2008, and

(b)     to support regional and local economic growth.

(4)     The Bank's activities are—

(a)

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