Sage Construction reports:
The Green Investment Bank is set to be a “transformational institution”, Transform UK [“the home of the Green Investment Bank campaign“] has claimed.
Following deputy prime minister Nick Clegg’s recent speech on the establishment, programme director for Transform UK Ed Matthew welcomed the news that investment opportunities will be open from April 2012.
However, he noted that there are a number of points that need to be addressed.
“The key thing is to have a process where they confirm that the bank will have the power to borrow from the capital markets and not just the treasury,” Mr Matthew commented.
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