Clean Growth Fund Debate
Full Debate: Read Full DebateDepartment: Department for Business, Energy and Industrial Strategy
Baroness Bakewell of Hardington Mandeville
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Clean Growth Fund
Baroness Bakewell of Hardington Mandeville Excerpts(4 years ago)
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Lord Callanan (Con)
That is two companies this financial year; a number of other companies are in the pipeline. I am sure that the noble Lord would agree that it is proper that the fund manager does the appropriate due diligence to check that the money is well spent and invested properly. There have been 400 expressions of interest and the duration of the fund is over 10 years. It is a commercially driven fund and we hope to get our money back at the end of the day.
Baroness Bakewell of Hardington Mandeville (LD)
Can the Minister say how many local authorities applied for grants from the £2 million from the Clean Growth Fund allocated for improving air quality? How much has gone to London councils and how much has gone to areas outside London?