Auto Draft

Vince Cable, the business secretary, has officially marked the launch of the new green investment bank (GIB) by announcing funding of a new waste-to-energy plant and an energy saving scheme. The small projects to build a new anaerobic digestion plant in Teeside and retrofit a panel-making factory in north Wales, involving investments by the GIB of £8m and £5m respectively, will soak up only a tiny fraction of the bank’s total £3bn in funding. The Guardian