05 Mar '12, 12am

Guinness and Co-op boost green energy funds: By Jessica Shankleman Green businesses are being invited to put the...

Green businesses are being invited to put themselves forward for a chunk of a new £10m investment fund launched by Guinness Asset Management, which plans to invest in established renewable energy and energy efficiency projects. Guinness confirmed on Friday that it had opened its third EIS Fund 3, which will start investing from April in lower risk sustainability projects, such as hydroelectric and biomass schemes, and energy saving programmes in offices and other commercial buildings. FURTHER READING Ofgem outlines plan to build cheaper offshore wind grid links David Lloyd Leisure works out energy savings Fund manager Shane Gallwey told BusinessGreen he expected to spread the £10m fund across five investments, although the eventual number could be higher. The fund will benefit from tax breaks offered through the Enterprise Investment Scheme (EIS), including 30 per cent Inc...

Full article: http://www.businessgreen.com/bg/news/2156854/guinness-op-...

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