Consider the following statements regarding the Industrial Revolution in Britain :
I. There was availability of banks which could loan money to set up industries.
II. There was a good transport network.
Which of the statements given above is/are correct?

The Industrial Revolution in Britain was supported by several critical factors, including financial infrastructure and logistics.

• Financial Infrastructure: Britain had a well-developed banking system. The Bank of England (established in 1694) and a growing number of provincial "country banks" provided the necessary credit and capital for entrepreneurs to invest in new technologies, factories, and large-scale production.
• Transport Network: Britain benefited from a superior transport network. Its geography allowed for efficient coastal shipping, which was supplemented by an extensive system of navigable rivers. During the late 18th century, the "Canal Mania" led to the construction of numerous canals that significantly reduced the cost of moving heavy raw materials like coal and iron. This was later followed by the development of the railway system.

Since both the availability of capital through banks and an efficient transport network were essential pillars of British industrialization, both statements are correct.