Green Investment Bank will provide opportunities for businesses - 09/06/2011
Business energy clients could take advantage of the "significant opportunities" the government's Green Investment Bank will bring.
According to Andrew Raingold, executive director of the Aldersgate Group, industrial energy efficiency is one of the priority areas for the bank and this could see more companies cutting their energy consumption and saving money on their bills.
"The government is leading the way with the establishment of the first national public bank that will invest solely in green technologies. Opening its doors in less than a year, this independent institution can give the UK an edge in its ability to attract global funds for environmental projects," he said.
"However, the delay in full borrowing powers until at least 2015 will constrain the bank's ability to mobilise finance at scale from institutional investors."
Mr Raingold's comments follow on from the Confederation of British Industry's warning that the government could fail to achieve its emissions reduction targets despite numerous policies and ambitious statements.
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