The European Commission yesterday confirmed State Aid approval for the UK government’s flagship Green Deal programme, potentially paving the way for Green Investment Bank funding for the high profile energy efficiency scheme.
In a statement, the Commission said that up to £600m of public support could be provided to the Green Deal under State Aid rules, after officials ruled the scheme could make a “significant contribution” to the EU’s common objective of improving energy efficiency.
“The UK Green Deal allows consumers and businesses to improve the energy efficiency of their buildings without making huge upfront investments,” said Commission Vice President Joaquín Almunia, in charge of competition policy. “This is another example of how our policy of state aid control can support private investment in energy saving and enhance competition at the same time.”
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