In the United Kingdom, Green Investment Bank has published its first Annual Report, for the period to 31st March 2013. The report is published to coincide with Annual Review meetings in Edinburgh and London, where the Executive Team will present the results to a wide range of stakeholders. Business Secretary Vince Cable stated, “The Green Investment Bank has a pivotal role to play in the financing of our transition to a green economy. It has already made a positive start, with £635 million committed to green projects and with every £1 invested leveraging another £3 of private investment.” The GIB has invested £635m, leveraging £1.6bn from the private sector.
More background on the story from the Digest