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A renewable energy careers expert has said that the government's new Green Investment Bank (GIB) will require funding of around £10 billion if it is to play its intended role of driving the country's eco-friendly market forwards.John Barwise, chairman of the Cumbria Green Business Forum, believes that the Conservative-Liberal Democrat alliance's initial pledge of providing a "paltry" financial boost of £1 billion to one of chancellor George Osborne's key budget plans will prove insufficient.The specialist noted that the GIB "offers the opportunity to develop a renewable manufacturing base to develop our own fuels and markets", while also helping "other initiatives that will support our green economy".However, he insisted that further spending commitments will be needed to make it a success.This comes after climate secretary Chris Huhne suggested in an interview with the Guardian last week (October 15th 2010) that the GIB may be scaled down to begin life as a smaller, less-impactful fund.People Unlimited are specialists in recruitment for Environmental Careers
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