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New owner Macquarie has committed to the GIB’s target of leading £3 billion of investment in green energy projects over next 3 years.
Climate Change and Industry Minister Nick Hurd confirms the sale of Green Investment Bank.
The process to transfer the Green Investment Bank (GIB) to private ownership will begin today (3 March 2016).
Business Secretary confirms that the government will proceed with plans to bring private capital into the Green Investment Bank (GIB).
Sir Adrian Montague will be standing down as Deputy Chairman of the UK Green Investment Bank plc (UK GIB) in April 2013.
First published during the 2010 to 2015 Conservative and Liberal Democrat coalition government
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