12 Dec '11, 1am

Cable set to unveil Green Investment Bank details - 12 Dec 2011 - News from BusinessGreen via @businessgreen

Vince Cable will later today set out the long-awaited parameters governing the proposed £3bn Green Investment Bank. A spokeswoman for the department of Business, Innovation and Skills (BIS) confirmed the business secretary would make a statement to Parliament, but declined to give any further details on the nature of the announcement. FURTHER READING Concerns mount over Green Investment Bank Exclusive: Could EU state aid hurdle block Green Investment Bank? Speculation has been rife that the bank, which cannot borrow until 2015, will be delayed by EU state aid rules or even have its actions constrained to the extent it is unable to attract the predicted £15bn of private investment into green infrastructure projects. Green businesses and NGOs are also angry that the bank will not be able to borrow until after the UK deficit has been cleared. A draft document seen by the Guar...

Full article: http://www.businessgreen.com/bg/news/2131542/cable-set-un...

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