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The Low Carbon Economy Ltd

06 Jan 2009 01:01:08

Tories pledge to help green businesses

Tories pledge to help green businesses
The Conservative party has outlined plans to give more support to environmentally-friendly businesses.

David Cameron spoke about the idea of encouraging 'green' start-up companies which would be given tax breaks and extra funding.

He said that he would be researching the possibility of introducing a green stock market where low carbon companies could raise cash.

Mr Cameron said the plans will "unleash environmental entrepreneurship across Britain".

This, he explained, would be done through giving companies "advice and services, including expert guidance on intellectual property protection, legal issues and drawing in venture capital with the aim of creating a new generation of world-beating start-ups".

He added that it would potentially "rival anything going on right now in Silicon Valley".

Meanwhile, Gordon Brown has also promised to tackle environmental issues this year with, among other plans, the introduction of more 'green collar' jobs.

The prime minister said: "The pace of climate change is such that it not only threatens future generations, but imperils our generation today."



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