News
Risk sharing is key to green investment, says FLA
Responding to the publication of the Green Investment Bank Commission’s plans (Unlocking investment to deliver Britain’s low carbon future), Julian Rose, Head of Asset Finance at the Finance & Leasing Association, said:
"Asset finance companies could play an important role in financing a low carbon economy. The report published today recognises the importance of risk sharing. A modest amount of risk sharing by the Government, in return for a fee from asset finance providers, would go a long way to achieving the Commission’s objectives. We look forward to discussing the finance options with the Government in more detail.”
- ends -
Note to editors:
The Climate Change Commission published its report today.
In 2009 FLA members provided £72.5 billion of new finance to UK businesses and households. Almost £19.3 billion of finance was provided to businesses and the public sector, representing around a quarter of all fixed capital investment in the UK last year. £53.2 billion was in the form of consumer credit, including a third of all unsecured lending in the UK. And £16.5 billion supported the purchase of half of new car registrations in the UK.
For further media information, please contact:
Russell Hamblin-Boone, FLA
T: 020 7420 9656 E: russell.hamblin-boone@fla.org.uk M: 07810 374110
Helen Saxon, FLA
T: 020 7420 9664 E: helen.saxon@fla.org.uk M: 07918 766 993