The GIB, which the UK hopes will kick-start investments inmajor low-carbon projects, began work in late 2012 with £3bn to invest overthree years.
It named offshore wind as one of its priority areas, butsome critics said the UK government’s refusal to allow it to raise its ownfinance on the commercial markets would leave it half-baked.
Today the UK business secretary Vince Cable said along withthe extra cash injection, GIB would be given the option to borrow up to £500m ofthat from the National Loans Fund (NLF),a government-controlled fund.
The
