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.”
Notes to editors:
The IET’s policy statement UK manufacturing and the Green Investment Bank can be found here: http://www.theiet.org/factfiles/manufac/green-invest-page.cfm
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The IET is Europe’s largest professional body of engineers with over 150,000 members in 127 countries
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