Green Deal Finance Company privatised

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Green Deal Finance Company privatised

Post by ALEO Admin » Tue Jan 31, 2017 10:23 am

BEIS has now confirmed that it is no longer planning a replacement scheme for Green Deal, following the announcement on 16 January that the Green Deal Finance Company (GDFC) has been sold to private investors.

Greenstone Finance and Aurium Capital Markets have purchased the GDFC for £40 million with the intention of offering new Green Deal finance loans by the end of March.

The Green Deal was closed by the Government in July 2015, with the promise that a new replacement scheme would be unveiled in early 2016. It was then announced, In January 2016, that new legislation would be published by the end of 2016. However, it has now been confirmed that the government will not be providing a replacement for the Green Deal.

It is not yet clear how the new privatised version of the Green Deal will operate or how the shortcomings of the original scheme will be addressed.

For more information, see:
http://www.solarpowerportal.co.uk/news/ ... ation_deal
and http://www.solarpowerportal.co.uk/news/ ... es_private
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