24 Feb '12, 2am

Green Deal Finance Company looks to tap council cash via @businessgreen

A non-for-profit organisation set up by blue-chip firms to offer low-cost loans to fund energy-efficiency improvements will be incorporated next month, providing one of the key foundations for the launch of the government's Green Deal energy efficiency scheme this autumn. The Green Deal Finance Company (GDFC) was launched last October as a partnership between 16 companies, including British Gas, E.ON, EDF, Goldman Sachs, HSBC, Kingfisher, and PwC, as a means of supporting the government's flagship policy for improving the energy efficiency of UK homes and offices. FURTHER READING Gemserv seeks IT firm to build "nuts and bolts" of Green Deal DECC unveils 50-strong energy efficiency "SWAT team" The body aims to pool together loans made to households and businesses under the Green Deal scheme, which are repaid via energy bills, allowing the GDFC to access the capital and bond...

Full article: http://www.businessgreen.com/bg/news/2154738/green-deal-f...

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