Green investment bank officially launched by Vince Cable

Business secretary announces funding for waste-to-energy plant and energy saving schemeVince Cable, the business secretary, has officially marked the launch of the new green investment bank (GIB) by announcing funding of a new waste-to-energy plant and an energy saving scheme.The small projects to build a new anaerobic digestion plant in Teeside and retrofit a panel-making factory in north Wales, involving investments by the GIB of £8m and £5m respectively, will soak up only a tiny fraction of the bank’s total £3bn in funding.Speaking before he formally confirmed the GIB was “open for business” on Wednesday morning in Edinburgh, Cable said these projects were proof of its wider ambitions to develop …

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