Industry leaders have hailed the government’s decision to consider offering Green Deal finance through the £3bn Green Investment Bank.
The Green Deal aims to create a workforce of around 250.000 people to fit energy efficiency measures into properties – will be launched later this year. This week it was announced that former energy mogul Sir Adrian Montague will chair the advisory group responsible for setting up the bank, putting him in pole position to lead the bank when it is set up. The government also states that the bank will be established under primary legislation, which will ensure it has full operational independence under the leadership of a new board. The bank is set to begin lending from within the next 11 month, from April 2012.
