Green Growth Event with Nick Clegg and John Cridland

Deputy prime minister Nick Clegg has today confirmed the Green Investment Bank will begin lending from as early as next April, as the government seeks to accelerate the flow of investment into low-carbon industries.

Speaking at an event in London hosted by Climate Change Capital, the Lib Dem leader said the Green Investment Bank would operate as the world's first green development bank, leveraging up to £15bn of private sector investment for low-carbon projects over the next four years.