City investors buy out Green Deal loan scheme

More than £40m has been paid by two private investors to take on the government’s aborted energy efficiency investment scheme

The Green Deal loan was first set up to encourage home improvement energy efficiency measures in the UK. Photograph: Federico Rostagno/123RFTwo city investment firms have bought out the government’s failed Green Deal Finance Company.

Aurium and Greenstone Finance announced the £40m takeover on 15 January. The duo are now in charge of the business’ existing Green Deal loans and expect to issue financing within the next couple of months.

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