People with environmental and sustainability jobs could be feeling disappointed with the government's standing on the green investment bank after the Budget.
Campaigners for the green economy have heavily criticised the government's decision to overlook the development of renewable energy sources and funding in favour of encouraging an increase in road and air travel.
The bank, which will now launch next year, aims to promote sustainable living by providing funding for green projects in homes and businesses across the UK. However, the government has revealed the bank will not start to borrow money until 2015 at the earliest – causing anger among some campaigners.
Although the launch of the bank has not seen maximum support, a number of organisations have praised the government and viewed the scheme as a step in the right direction.
Managing director of Triodos Investment Management James Vaccaro said: "The new institution will leverage us to be able to make good on the promise of the Big Green Deal and support hundreds of thousands of households and communities across the UK."
Posted by Lucy Hallows
