13th March, 2013

Mark Bayley, Chief Executive of the Green Deal Finance Company, has confirmed that the Company has signed a package of financing agreements which will provide a total £244m funding package for the set-up, financing and administration of Green Deal Plans. The statement follows from tweets from Greg Barker, Minister of State for Energy and Climate Change, in which he said that he had signed the formal documents for the deal and that the new finance comes from the Green Investment Bank and a “great range of companies”.

The Green Deal Finance Company is an industry led non-profit consortium of over 50 members. According to the company's website, it is a national aggregator, “designed to make finance available to all accredited Green Deal Providers on an equal and open basis. It intends to minimise the operating and administration costs of Green Deals and will aim to access the cheapest sources of finance in the market at the highest possible credit rating.”

For more information visit: www.thegreendealfinancecompany.com

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