New era for banking as Green Investment Bank unveiled

Deputy Prime Minister Nick Clegg has today unveiled plans for the government’s Green Investment Bank.

£3 billion of public money will be initially be pumped into the Green Investment Bank, which is one of the government’s centrepieces of the Green Deal. The bank is expected to provide the capital to turn the UK into a low-carbon economy.

Nick Clegg has labelled the Green Investment Bank “a real legacy of the coalition government’s green commitment.”

The Green Investment Bank will begin making investments in low-carbon infrastructure projects within the next year, and could even get involved in the Green Deal, and helping provide loans to homeowners wishing to make energy-efficient, low-carbon improvements to their home.

Nick Clegg has championed the Green Investment Bank

The positive part about the Green Investment Bank is that it will remain totally independent from the government. Therefore the government won’t be able to interfere and push their plans or projects onto the Green Investment Bank.

The hope is that the bank will be able to inject £15 billion into the green economy by 2015, and handsomely repay the £3 billion that they have initially been given.

What do you think of the Green Investment Bank – will it succeed? Let us know and comment on here or on the Train4TradeSkills Facebook and Twitter pages.


About Train4tradeSkills

Train4TradeSkills offer the only trade training skills courses that combine three great ways to learn, through a unique blend of book based theory, practical workshops and virtual reality PC based training, to help you qualify you as a plumber, electrician or gas engineer. No other learning provider offers our unique way to study, with full tutor support, easy to follow, step by step modules. Once you complete one part of the course and return your work for marking, the next stage of the course automatically follows. It’s as easy as that. It’s fun, it’s easy to follow... and it can be fitted around your existing work and family commitments!

Posted on May 23, 2011, in construction jobs, construction news, Electrical News, Plumbing News, train4tradeskills and tagged , , , , , , , , . Bookmark the permalink. 1 Comment.

  1. i love your blog, don’t find many that are so clear, it is nice to see that someone really understands. i really enjoyed reading this. thanks for the post.

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