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You are here: CIWM  >  Publications  >  Latest News  >  Waste Infrastructure Falls Within The Scope of the GIB

Waste Infrastructure Falls Within The Scope of the GIB

10 November 2010

More details emerged yesterday about the scope and structure of the Green Investment Bank (GIB). Speaking at a summit organised by the Aldersgate Group Martin Donnelly permanent secretary at BIS made a number of welcome points including faster progress on getting the GIB up-and-running than had previously been indicated.

In addition to confirming departmental funding of £1bn in 2013/14, he indicated that further funds from Government asset sales could be available earlier. This led another speaker at the event to speculate that the GIB could be in a position to invest by Autumn 2012.

Mr Donnelly said that the aim was to have the structure of the Bank confirmed by May 2011 with a launch in December of the same year. He also suggested that waste infrastructure is one of a number of sectors likely to be included in the scope of the GIB, a fact that will undoubtedly be welcomed by the wider waste industry.

 

Pat Jennings