Press release

IET welcomes Green Investment Bank priorities

12 December 2011


Today’s announcement of the key priority sectors for the Green Investment Bank has been welcomed by the Institution of Engineering and Technology (IET).

Chris Richards, Manufacturing Policy Advisor at the IET said: “Today’s announcement that the Green Investment Bank will fund non-domestic energy efficiency is welcome news for the UK manufacturing sector.

“Energy is set to become increasingly expensive in the future, and to survive in the global market, UK firms will not only need to produce new products, but to produce them at competitive prices.  This means driving costs down wherever possible.

“A green industrial revolution should first focus on greening manufacturing processes to reduce energy and resource use.”

Media enquiries to:

Robert Beahan
External Communications Manager

Tel: +44 (0)1438 767336
Mob: +44 (0)7595 400912
Email: rbeahan@theiet.org

Notes to editors: