GIB is the first bank of its kind in the world and has £3 billion of funding from its 100% shareholder, the UK government, to invest in sustainable projects. Its objective is to invest in UK projects that are both green and commercial, where its capital is ‘additional’ to available private sector finance. GIB’s mandate from the government is to deploy at least 80% of its capital to the ‘priority’ sectors of offshore wind, waste recycling and energy from waste, and non-domestic energy efficiency while supporting the UK government’s Green Deal.
GIB can disburse the balance of its capital in other ‘non-priority’ sectors, which are those authorised by its state aid approval: biofuels for transport, biomass power, carbon capture and storage, marine energy and renewable heat.
Warren Percival, RSK director and tender manager, says, “As an approved consultant of GIB, RSK can access new funding streams for our clients’ projects. If you would like to find out about how RSK can help you with due diligence, environmental impact assessments and Carbon management services please do not hesitate to get in touch.”
For more information, please contact Warren Percival.