好色先生TV

A deal to refinance the company that provides loans for the government鈥檚 flagship Green Deal scheme is set to be struck 鈥渨ithin weeks鈥�, according to a spokesperson for the company.

The Green Deal Finance Company (GDFC) issues and administers the finance plans that pay for energy efficiency retrofit work on homes under the government鈥檚 Green Deal scheme.

Its role is crucial as it aggregates plans allowing them to be sold at a low enough interest rate to make the scheme attractive to customers. But the future of the company has been in doubt since its chief executive Mark Bayley warned in September that it 鈥渃ould be wound up鈥�.

The company has a 拢125m credit facility with the Green Investment Bank that is due to expire soon.

In September, Bayley, in a letter to investors, warned of the possibility of 鈥渧oluntary liquidation鈥� and sought consent for measures that would 鈥渕ake it much easier to wind up the GDFC at lower cost to investors if we need to go down that route鈥�.

Speaking to 好色先生TV at that time he said he was 鈥渙ptimistic鈥� of a deal being done but that it would be 鈥渋rresponsible for us not to be utterly frank鈥� with the GDFC鈥檚 investors.

This week, a spokesperson for the company said: 鈥淓verything is being finalised in a matter of weeks not months. Things are moving in the right direction.鈥�

Although the company has been talking to all its investors in both the public and the private sector, it is keen to secure money from the government because the lack of a track record for the scheme, which was launched in January 2013, means it is more expensive to borrow commercially.

A spokesperson for the Department of Energy and Climate Change confirmed that it was in discussions with the finance company but that she was 鈥渘ot in a position to reveal any details of those discussions鈥�.

The GDFC spokesperson also said the firm had now issued 拢27m of plans to date and was nearing 拢28m, a 35% increase from the 拢20m of plans that it had issued up to the end of September.