Position Statement on Green Investment Bank

29th September 2010

A powerful group of big businesses, NGOs and cross-party MPs today urged the government to deliver a bold vision for the Government's Green Investment Bank (GIB). The creation of a GIB is a key pledge of the Coalition Government but there are concerns that government spending reductions could starve the GIB of the capital it requires to spark low carbon economic growth and a green jobs boom.

The "Green Investment Bank Position Statement", published today, states that this critical institution can help tackle the significant financing barriers to deliver investment in the UK's energy infrastructure and can stimulate growth and jobs.