Crockart confident Edinburgh will be home of new Green Investment Bank

Mike Crockart, MP for Edinburgh West, has today said that he is optimistic that Edinburgh will become home to the UK’s new Green Investment Bank after the Energy Secretary, Chris Huhne MP, stated that the city was the “obvious candidate”.

Chris Huhne said Scotland's capital had a "very special advantage" because its financial institutions had a strong track record in lending to renewable energy companies.

Mr Huhne's comments were made at a meeting of the Scottish Parliament's economy, energy and tourism committee.

Commenting from Edinburgh today, Mike said:

“Whilst Edinburgh faces tough competition to host the Bank from the likes of London and Leeds, I believe that this city’s credentials speak for themselves, and I am glad to hear that the Energy Secretary agrees with me.

“There has been a lot of work going on behind the scenes and I am confident of the right result. After all, Edinburgh’s financial expertise, coupled with the groundbreaking research which is being undertaken by Edinburgh University on carbon capture, demonstrates to all a passion for green energy. As far as I’m concerned, the city is head and shoulders above its other competitors.

“Of course, I will continue to push my Ministerial colleagues right up until the decision is made, but I am pleased to see that we are winning the argument so far.”

Notes:

The Green Investment Bank will channel private sector funding into low carbon businesses.