Green bank plan ‘dis­ap­point­ing’

Yorkshire Post - Property - - PROPERTY -

The UK Green Build­ing Coun­cil re­acted with dis­ap­point­ment to the an­nounce­ment that the Green In­vest­ment Bank will only re­ceive £1bn, and not un­til 201314. Chief ex­ec­u­tive Paul King says: “The £1bn for the Green In­vest­ment Bank, de­layed un­til 2013-14 is dis­ap­point­ing – this is not as much as was hoped for. But the devil is in the de­tail and given it is still called a ‘bank’ we hope it will be able to lever­age the nec­es­sary pri­vate sec­tor fi­nance to meet both cli­mate change tar­gets and boost job cre­ation in con­struc­tion. The bank could be a ma­jor ve­hi­cle for get­ting pri­vate sec­tor fi­nance into the ‘Green Deal’ for en­ergy ef­fi­cient homes.”

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