Green Investment Bank will start operating in April 2012 - 24/05/2011
Companies requiring business energy tariffs might be interested to hear that the government's Green Investment Bank is due to start operating next April.
Deputy prime minister Nick Clegg announced the 2012 start date will see the bank prioritising "offshore wind, waste and non-domestic energy efficiency", which could benefit those looking for commercial electricity deals.
"Most countries have a development bank, but the UK will be the first country to have a national bank dedicated to the green economy," said Mr Clegg, according to the BBC.
However, John Cridland, director general of the Confederation of British Industry, warned that the UK's competitiveness could be compromised by the effects of environmental policy, the Financial Times reported.
"We can't pretend that it's all going to be win-win," said Mr Cridland.
"The hard truth is that the businesses who manufacture our infrastructure could be forced out of the UK if the government doesn't get the balance right between creating a competitive economy and one that decarbonises."
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