In a speech by the Deputy Prime Minister, Nick Clegg, it has been revealed that the Green Invesment Bank may have a role to play in providing finance for the Green Deal. So far, detail is sparce, but it is speculated that the bank could play a role in offering finance at a lower rate of interest than commerical providers - something that may be important in the early years of the Green Deal to boost take-up and to enable a greater range of measures to fall within the confines of the "Golden Rule". While it is unlikely that such a role would be anything other than short-term, it could a vital 'primer' for the scheme, injecting momentum and helping to 'make the market' ahead of full participation by private financiers. A report is due out tomorrow which will provide further details of the Green Invesment Bank. Watch this space!
AuthorWe are passionate advocates for change in our lifestyles to make them more environmentally friendly. It's always great to start change at home, and that's why the Green Deal needs to be a Big Deal... ArchivesNovember 2011 CategoriesAll |
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