9zEUPXYH
type: Answer
type: WrittenAnswer
answer has question: RNvGrsz1
answer has answering person: FWf5iAFZ
answer text: The Green Investment Bank (GIB) will support the deployment of green infrastructure and late stage technologies. It will tackle finance gaps which exist despite a range of strong policies to incentivise green investments.Our May update publication identified offshore wind, waste and non-domestic energy efficiency as examples of sectors which may currently face gaps. But the intention is to maintain a broad remit for the bank in view of the breadth of opportunities and challenges associated with greening the economy. As an enduring financial institution, the GIB will need to make investments that are expected to make a positive return.In due course, Ministers will set the strategic direction of the bank, ensuring that it becomes an effective instrument of green policy.There is already a broad range of Government interventions to assist SMEs' growth, including Enterprise Finance Guarantee and Enterprise Capital Funds.
answer given date: 2011-07-18+01:00
answer has answering body: eWg1zuN6
written answer has answering body: eWg1zuN6