The chairman of the new Green Investment Bank is confident the body will be able to invest its £3 billion budget in projects that will make a commercial return, while helping protect the environment.
The chairman of the new Green Investment Bank is confident the body will be able to invest its £3 billion budget in projects that will make a commercial return, while helping protect the environment.
LORD SMITH OF KELVIN: Wave and tide technology is too far away in his three-year period but has not been ruled out. Picture: Marc Turner
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MARK WILLIAMSON
However, Lord Smith of Kelvin said the bank, which will have headquarters in Edinburgh, is unlikely to invest in some technologies on which many in Scotland are pinning their hopes.
In a briefing in Edinburgh, Lord Smith said the Government hopes to get European Union clearance to launch this autumn but has already developed a pipeline of potential investment opportunities.
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