David Cameron has hailed the UK as one of “the best places for green investment anywhere in the world” as the Green Investment Bank reached the £5bn investment milestone. The Green Investment Bank announced that green energy projects have received over £5bn in funding as result of its investments since it was started two years ago.
David Cameron said: “Under this government, as part of our long-term economic plan to back business, create more jobs and secure a brighter future for Britain, we have become one of the best places for green investment anywhere in the world – and the Green Investment Bank has played an instrumental role in this.”
The Green Investment Bank opened in late October 2012 as the first dedicated green bank in the world. Since then it has invested £1.6bn in 37 projects. The bank claims its investments to date have supported 3,500 jobs.