Thursday, 24 March 2011

Budget 2011 Woes for Green Investment

The UK Government announced yesterday that some funding would be available for the Green Investment Bank, but nowhere near the industry estimates of £500 billion that is needed to target all property in the UK.

Some funding will be available (around £1bn) to start some projects later this year. The renewable energy sector seems hardest hit with revised tariffs to be introduced under the Renewable Heat Incentive scheme, and also the Feed In Tariff, which will particular affect business in the UK.

Solar Green Deal Installers were hoping for a real incentive ahead of the Green Deal Scheme to be launched in 2012, however many were disappointed by the News of delays and lower funding for projects.

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