Low carbon incubation fund launched as Europe sees a 40% decrease in share of clean energy investment since 2007
Partnership seeks to support start-up clean technology businesses as GE'S Innovation Barometer indicates 1 in 2 businesses see the UK as a challenging environment for innovation
Ø Experts see showcasing and wider deployment of sustainable technologies as true 'legacy' of 2012 London Olympic Games
Ø "Domino effect" as future Games strive to be even greener, building upon lessons learned in London
Ø Research exposes lack of public awareness of how such technology will help them live greener, healthier lives in the future
GE announced fourth-quarter 2011 Operating Earnings of $4.1 billion, or $0.39 per share, up 6% and 11% respectively from the fourth-quarter of 2010. Revenues were $38.0 billion for the quarter and $147.3 billion for the year. Record Infrastructure orders of $28.6 billion in the fourth quarter enabled GE to end the year with a backlog of $200 billion, the largest in its history.
UK seen as lagging behind other nations, according a global report by GE, with 1 in 2 UK businesses claiming it is a poor environment for innovation
Ø This despite 93% believing innovation is the main lever for a more competitive UK economy, as well as the best way to create jobs (85%)
Ø Almost three quarters (71%) feel that increased innovation will translate into improved life conditions for UK citizens
GE High Tech Index shows businesses positive about own trading performance although fearful for general economy
- 71% of high tech manufacturers predict business growth for 2012
- 26% say business will grow by more than 10%
- 84% busy or operating near to capacity
- 30% believe UK has improved competitiveness v. Europe in last 12 months
- Only 15% positive about general UK economy
LONDON, 23rd November, 2011: GE Capital, one of Europe's leading providers of asset based lending (ABL), today announced that it has provided Accolade Wines, the largest wine company by volume in Australia and the UK, with a £150 million cross border financing facility. The facilities were provided by GE Capital UK and GE Capital Australia.
