Dame Alison Rose had earlier resigned from her role as NatWest Chief Executive Officer after acknowledging she was the source of an inaccurate story concerning Nigel Farage’s bank account

The new funding aims at encouraging manufacturers to adopt cleaner and more efficient energy practices

The new body will be focused on finding ways to improve energy efficiency and reduce energy bills

The government has appointed the chief of NatWest as co-chair of the UK’s Energy Efficiency Taskforce