Commenting on the Environmental Audit Committee report into the Green Investment Bank published today (Friday), TUC General Secretary Brendan Barber said: “The Chancellor will ignore this report at his peril. The Green Investment Bank has a vital role in securing economic recovery and jobs. Plans for a fully fledged, well funded bank are a must-have for this month’s budget.
“Without the new bank, the Committee warns that we face a funding gap for green infrastructure running into hundreds of billions of pounds. It says the Bank must be able to start making investments within twelve months.
“We need a real bank capable of issuing Green ISAs, supporting the Green Deal and advising government on the green economy roadmap so vital to our economic recovery.”
“Without the new bank, the Committee warns that we face a funding gap for green infrastructure running into hundreds of billions of pounds. It says the Bank must be able to start making investments within twelve months.
“We need a real bank capable of issuing Green ISAs, supporting the Green Deal and advising government on the green economy roadmap so vital to our economic recovery.”
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