Driving investment in the UK’s green economy

DRIVING INVESTMENT IN THE UK’S GREEN ECONOMY

The UK Green Investment Bank is the first bank of its kind in the world. We back projects which are green and profitable and we are already the most active green investor in the UK.

DRIVING INVESTMENT IN THE UK’S GREEN ECONOMY

Financing vital new infrastructure

Mobilising private capital

Innovating so others can follow

Delivering a UK-wide impact

Financing vital new infrastructure

Mobilising private capital

Innovating so others can follow

Delivering a UK-wide impact

Financing vital new infrastructureIn over 200 communities right across the UK we’ve taken on the complex and challenging projects, large and small. Each of these projects needed our help to go ahead and will generate renewable power, keep waste out of landfill, and reduce our energy use.

Mobilising private capitalWe’re working with over 70 co-investors to drive investment in the UK’s green economy. For every £1 we invest, we bring in £3 of additional private capital for UK-based green projects.

Innovating so others can followWe’re leading the way in financing new technologies, helping to create new markets, and building new financial products. Because we are doing this on fully commercial terms we are encouraging other private investors to join us and follow us.

Delivering a UK-wide impactOur activity is supporting the introduction of new innovative technologies on a large scale, strengthening the UK’s supply chain, creating thousands of new jobs, and helping to lower the cost of renewable energy and energy efficiency.

DRIVING INVESTMENT IN THE UK’S GREEN ECONOMY

Westermost Rough Backing innovative new offshore wind technology

TEG BiogasHelping turn London’s waste into renewable electricity

Green LoanHelping Glasgow make the switch to low energy streetlighting

We’re backing projects across the UK that will increase our energy security, decarbonise our economy, and help lower the cost of green technology.

DRIVING INVESTMENT IN THE UK’S GREEN ECONOMY

“ The UK Green Investment Bank plays a vital role in demonstrating to the wider market that investment in green infrastructure can be a profitable business to be in, helping attract new sources of capital to invest in sectors they might not otherwise have considered.”

Rt Hon Dr Vince Cable MP Secretary of State for Business, Innovation and Skills

DRIVING INVESTMENT IN THE UK’S GREEN ECONOMY

We’ve been driving investment in the UK’s green economy since 2012

All of these projects will be profitable. Once built, they’ll generate an annual net profit of £10m – £15m for UK taxpayers

invested in over 35 new green projects in over 200 communities around the UK

More than

£1.4bn 3m

All of these projects are green. They will produce enough renewable electricity for 3m households. That’s all of London or Scotland

Our investments to date will mobilise up to £5bn into the UK’s green economy

£5bnWe are the most active investor in the UK’s green economy, working with over 70 co-investors

For every £1 we invest, we’ll mobilise an additional £3 of private investment into the UK’s green economy

“ The climate finance world has been a better place since the UK Green Investment Bank arrived. Their shade of green is very attractive – tinged with financial and environmental professionals, creativity, and serious firepower. On the strength of our first operations with them I look forward to many more.”

Christopher KnowlesHead of Climate Change and Environment Division

European Investment Bank

TEG Biogas, Dagenham—Taking on the challenging projects to build vital infrastructure

This project is London’s first commercial anaerobic digestion facility, turning food and garden waste into renewable power, heat for a nearby recycling facility, and fertiliser for local farms. It was stuck at the design stage because it couldn’t raise the finance it needed. Our early commitment gave confidence to other investors, allowing the developer to fully finance the project. It was built on time, under budget and is now fully operational. We’re helping to finance this type of replicable infrastructure right across the UK.

Westermost Rough, Yorkshire —De-risking investment in innovative offshore wind technology

We’ve achieved a series of financing firsts in our investment in the Westermost Rough offshore wind farm. We’ve backed the first ever commercial use of the new next-generation 6MW turbine, invested in a wind farm which is still under construction, and refinanced part of our equity stake. We’ve helped bring a number of new investors to the offshore wind sector, as well as taking a significant step in reducing the cost of power from offshore wind. It’s this kind of financial innovation which will support the ongoing growth of the sector and the UK’s green economy.

Green Loan —Helping local authorities make the switch to low energy streetlighting

Lighting our streets can account for as much as 30% of a local authority’s energy consumption. To help reduce this, we’ve created an innovative new financial product – the Green Loan – to help local authorities make the switch to low energy streetlighting. Glasgow City Council, Scotland’s largest local authority, will be the first council to use the loan to replace tens of thousands of traditional streetlights with energy efficient LED lights, with the cost of repayments covered by their energy savings. We are working to replicate this across the UK.

We’ve got ambitious plans to back many more green, profitable, innovative projects over the coming years; driving further investment into a greener, stronger UK economy.

DRIVING INVESTMENT IN THE UK’S GREEN ECONOMY

HeadquartersAtria One, Level 7,144 Morrison Street,Edinburgh, EH3 8EX

Tel: +44 (0)330 123 2167

London officeLevel 13, 21–24 Millbank Tower,Millbank,London, SW1P 4QP

Tel: +44 (0)330 123 3021

Find out moreEmail: enquiries@greeninvestmentbank.comLinkedIn: Green Investment Bank

greeninvestmentbank.com

greeninvestmentbank.com