UK's Healey to give two state-backed lenders £20 billion capital boost in budget

Oct 24 (Reuters) - British finance minister John Healey is expected to announce £20.4 billion ($27.3 billion) of additional support to the state's business lender and infrastructure bank in his budget on Wednesday, the Treasury said, confirming a newspaper report.

• The Treasury will allocate £15.4 billion ($20.6 billion) more to the National Wealth Fund and £5 billion ($7 billion) more to the British Business Bank over roughly half a decade

• "This additional capital will help more British businesses fulfil their potential, while getting investment behind the industries, infrastructure and places that create good jobs and drive lasting growth across the country," a Treasury spokesperson said in an emailed statement

• The Treasury said the funding would help support around 100,000 jobs by 2035 in sectors including artificial intelligence, defence and green energy

• The Financial Times first reported the news

($1 = 0.7478 pounds)

(Reporting by Carlos Méndez in Mexico City, and Ananya Palyekar in Bengaluru. Additional reporting by Rhea Rose Abraham. Editing by William Mallard and Mark Potter)