Jump to content
House Price Crash Forum
Sign in to follow this  

Britain To Privatise Green Investment Bank

Recommended Posts


Britain is to begin selling stakes in its Green Investment Bank (GIB) to bring it into private ownership and to help it to grow, the government said on Thursday.

The move to privatise the bank also comes a week after the government said it would scrap all new subsidies for onshore wind farms a year earlier than previously planned.

Business Secretary Sajid Javid said the move would give the bank greater freedom to borrow and remove limitations from European Union regulations on state aid and allow the bank to attract more capital.

"In 2012 we set up the Green Investment Bank to support important investment in the UK’s green infrastructure and since then it’s gone from strength to strength," British finance minister George Osborne added.

"That is why we can now begin exploring options for moving the bank into the private sector to enable it to access larger pools of capital and act more freely to invest in a broad range of green sectors."

Since the bank was created as a commercial venture at the end of 2012 to back green energy projects and to spur private sector investment it says it has invested 2 billion pounds in 50 projects worth over 8 billion pounds including waste management plants and offshore wind farms.

Ah yes because it can only access more capital if it isn't government owned....

Share this post

Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Prime Minister stated that there were three Brexit options available to the UK:   295 members have voted

    1. 1. Which of the Prime Minister's options would you choose?

      • Leave with the negotiated deal
      • Remain
      • Leave with no deal

    Please sign in or register to vote in this poll. View topic


Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.