Privatisation could 'destroy' the Green Investment Bank, warns Vince Cable

Madeleine Cuff
clock •
Privatisation could 'destroy' the Green Investment Bank, warns Vince Cable

EXCLUSIVE: Warning from former Business Secretary comes as proposed sale of the bank reportedly enters final stages

The government risks "effectively destroying" the Green Investment Bank (GIB) as an institution if it presses ahead with its plan to sell the bank into private hands, former Business Secretary Sir Vince...

To continue reading this article...

Join BusinessGreen

  • Enjoy exclusive news, insights and analysis from Europe’s leading source of information on the green economy and business.
  • Make smart, responsible business decisions with an eye on the latest regulatory and tech developments
  • Stay in the know with our overnight briefing, expertly curated help you run a competitive and sustainable business
  • Tap into our extensive archive of exclusive articles, news, analysis and guides
  • Choose from 3 paid membership levels or start a 7-day no-strings trial

Join now

 

Already a BusinessGreen
member?

Login

Madeleine Cuff
Author spotlight

Madeleine Cuff

View profile
More from Madeleine Cuff

From SEMTA to Enginuity: Engineering skills body rebrands

Inside Enginuity's plan to build a workforce for the future

Most read
01

Chain reaction: How business can drive positive climate impact at little to no extra cost

• 4 min read
02

End of new coal power 'within sight' worldwide, report claims

• 4 min read
03

Study: UK leads world in floating wind energy, as global pipeline hits 54GW

• 3 min read
04

Jaguar Land Rover to offer electric rides to world leaders at COP26, government confirms

• 1 min read
05

'Biggest ever': Ministers earmark £265m for next round of clean power auctions

• 5 min read

More on Investment

iStock
Climate change

'Passing the buck has to stop': UN warns current climate pledges set to drive 16 per cent increase in emissions by 2030

Major report highlights goals of Paris Agreement are threatened by weak climate ambition from countries and limited climate finance flows from rich to poor nations

Cecilia Keating
Cecilia Keating
clock • 10 min read
Ecotricity founder Dale Vince | Credit: Ecotricity
Energy

'Hostile and highly opportunistic': Good Energy rebuffs Ecotricity's latest takeover offer

Green energy suppliers slam each other's business models as Ecotricity raises its bid for the rival firm

Cecilia Keating
Cecilia Keating
clock • 3 min read
Chancellor Rishi Sunak and CBI Director-General Tony Danker in December 2020 | Credit: Treasury
Politics

'Go for growth': CBI urges Treasury to leverage autumn spending review to drive net zero

Budget planned for late October could put UK at front of a global race for green technologies, according to business group

Cecilia Keating
Cecilia Keating
clock • 4 min read