Lots of quotes from business leaders in the announcement, but worth noting that the TUC have also welcomed the new fund.
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Whilst any investment in green energy is to be applauded, I’m not sure why the government feels it necessary to go cap-in-hand to private business via what feels like PFI 2.0 to raise money. We’re one of the wealthiest countries in the world, the issue isn’t lack of funds it’s where those funds are accumulated. Tax the rich appropriately and we wouldn’t need to be reliant on dangling the carrot of profit in front of businesses just to help pay for our countries future.
The only way this can work is if the risk really is passed onto the private buisnesses.