Headlines
- £3.3bn for a Local Power Plan (largely disbursement of funds LA’s, metro mayors, community groups) – to be up and running quickly
- Incorporate company through the Energy Independence Bill plus get Board, interim boss in place (drawing on UKIB expertise)
- Remaining £5bn as investment capital to establish itself in market – longer term endeavour.
- Might be based in Aberdeen… .but note GIB – HQ in Edinburgh while investment team in London – could feasibly have different aspects run from different locations.
See also
- Politico’s analysis here:
- the Labour Party’s own announcement here:
- Ed Miliband on YouTube here:
