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ARTICLE · 15 JUNE 2012

Green Purposes: Green Powers?

Charles Russell Speechlys LLP
Charles Russell Speechlys LLP
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Charles Russell Speechlys LLP

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Creation of the Green Investment Bank (GIB) is among the Coalition Government’s flagship policies.

United KingdomEnergy and Natural Resources
Malcolm Dowden
Malcolm Dowden

Creation of the Green Investment Bank (GIB) is among the Coalition Government's flagship policies. Its mission will be to provide financial solutions to accelerate private sector investment in the green economy. Initially capitalised with £3 billion, the Government hopes that GIB will play a vital role in addressing market failures affecting green infrastructure projects in order to stimulate a step up in private investment. As an initial measure, and a precursor to the GIB's eventual role, UK Green Investments (UKGI), a specialist team within the department for Business, Industry and Skills (BIS) confirmed the decision, to pump £80 million into small scale waste infrastructure projects.

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