Green Investment Bank sell-off plan alarms green business

The GIB is approaching its initial lending target of up to £1bn a year, but a proposed government sell-off has alarmed green investors and campaigners

The GIB recorded its first profit in the last financial year (photograph: Coward Lion/123RF)A plan to sell off government shares in the Green Investment Bank (GIB) has raised concern in the green business sector and objections from NGOs. 

The announcement overshadowed the GIB’s end of year results for 2014/15 showing the bank had crossed into profitability and successfully acted as a catalyst for projects with a running total value of more than £8bn.1

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