The
first
of
its
kind
anywhere
in
the
world,
the
GIB
has
been
seeded
with
an
initial
£3bn
($4.8bn)
to
disburse
over
the
next
three
years,
with
the
potentially
contradictory
goals
of
accelerating
the
flow
of
private
capital
into
“nearly
investable”
sectors
while
also
turning
a
small
profit.
The
GIB’s
three
“priority”
sectors
–
for
which
80%
of
its
funds
are
earmarked
–
are
offshore
wind,
waste
and
non-domestic
energy
efficiency.
GIB
chief
executive
Shaun
Kingsbury,
poached
from
the
private
equity
world,
says
he
anticipates
the
bank
making
its
first
investment
in
offshore
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