Help for projects to secure funding from the Green Investment Bank
An expert team will help Scottish green energy projects secure funding from the Green Investment Bank, launched yesterday in Edinburgh.
The team, to be led by Marcia Campbell, former Group Operations Director of Standard Life, will identify and support potential Scottish bidders to make the strongest possible case for funding from the £3 billion publically funded Green Investment Bank.
The Bank will invest in offshore wind, waste management and non-domestic energy efficiency – but it will focus on projects that are ready for investor money. The group will help make sure Scottish projects are at this stage.
Launching the Scottish Green Investment Advisory Group, at the Pyramid, Loanhead, Energy Minister Fergus Ewing said Scottish projects should be first in line for funding.
Energy Minister Fergus Ewing said:
“This group will help Scottish renewable energy projects be at the front of the queue to secure funding from the Green Investment Bank – taking promising projects and helping them make sure their bid is as good as it can be”
Lord Smith of Kelvin, Chairman of the Green Investment Bank said:
“The UK Green Investment Bank were instrumental in establishing the Advisory Group concept and a number of our transaction team are already engaged with the group and working through early stage project information”
The group are already working to review 83 projects from all over Scotland.