Ed Miliband said “It is essential we meet our long term climate change goals. That’s why we’re intervening with support for tomorrow’s green energy technologies.
“Where market capital isn’t coming forward, we’re stepping in to plug the gap as speedily as possible.”
British Venture Capital Association Chief Executive Simon Walker said “Low carbon energy technologies backed by venture capitalists will play an important role in creating a sustainable energy future for the UK. In 2009 we have seen a dramatic fall in the amount invested into clean energy companies in the UK. We welcome any initiative which boosts the supply of capital into this crucial sector.”
UK Sustainable Investment and Finance Association Chief Executive Penny Shepherd MBE, said “Government support now is vital to develop the UK low carbon technology businesses that we need for lasting prosperity. This commitment shows that the Government is serious about promoting a low carbon economy and sustainable investment in the UK.”
