UKSIF welcomes Green Investment Bank

UKSIF24th March 2010

Commenting on today’s Budget proposals to create a Green Investment Bank, Penny Shepherd MBE, chief executive of UKSIF, said:

“A Green Investment Bank should do much to leverage private sector investment from pension funds and private individuals. It is a very positive move. However, it should ensure that it invests alongside the private sector rather than in competition with it.

“The urgency of the issue means that we’re now seeing this transcend party politics. The Chancellor’s announcement today and the Conservatives’ unveiling of their energy policy last week both have serious proposals to find investment for the large scale infrastructure projects that need it.  The details of each proposal are different, but the aims are certainly aligned. We welcome this.”

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