UK cities keen to host 'green' bank
Cardiff, Bristol, Manchester, London and Liverpool have all expressed interest
Monday 12 December 2011
More than 20 areas of the UK have expressed an interest in housing the headquarters of the new Green Investment Bank, which will help invest billions of pounds in "green" schemes, the Government said today.
Cities including Cardiff, Bristol, Manchester, London and Liverpool have said they would like to host the bank, with a decision on the location expected to be made next March.
Offshore wind power generation, commercial and industrial waste processing and recycling, energy from waste generation, non-domestic energy efficiency and support for the Green Deal will be the first priority sectors for the bank, subject to approval by the European Commission, it was announced.
Business Secretary Vince Cable said a new team - UK Green Investments - will be set up in his department to accelerate private sector investment in the green economy until the bank is established, and will have access to the £100 million made available by the Government to invest in smaller waste infrastructure projects.
He said: "There is a great opportunity for British businesses to lead the transition to a green economy and stake a claim on a sector that has massive potential for growth. I'm pleased to see that more than 20 places recognise the impact the Green Investment Bank could make, and are expressing an interest in being its home.
"I want to set up the bank as soon as possible, so it can start accelerating investments in these key sectors and help British companies take advantage of these opportunities.
"Setting out the priorities for the bank and establishing UK Green Investments for April 2012 are a major step forward."
Greenland’s dark snow may start global warming ‘feedback loop’
Climate change march: Investors pledge to take their money out of firms blamed for climate change
Is this the end of the 'war on trees'? UN members pledge to restore woodland and safeguard rainforests
Climate change means rate of growth of trees has gone up by 77%
Badger found shot in the abdomen is 'proof' that cull is inhumane, activists say
- 1 Rihanna 'nude pictures' claims emerge on 4Chan as hacking scandal continues
- 2 Kim Kardashian 'nude photos' leaked on 4chan weeks after Jennifer Lawrence scandal
- 3 'F*ck it, I quit': KTVA reporter Charlo Greene quits live on air in spectacular fashion
- 4 Free U2 album: How the most generous giveaway in music history turned PR disaster
- 5 Scotland could still declare independence – even without referendum, says Alex Salmond
Scotland could still declare independence – even without referendum, says Alex Salmond
Scottish referendum results: Cross-party consensus collapses amid Tory-Labour spat on the 'English question'
Hilary Mantel 'should be investigated by police' over Margaret Thatcher assassination story, says Lord Bell
Scottish independence: David Cameron is becoming the 'George Bush of Britain'
Plebgate MP Andrew Mitchell called officer a 'little s**t', claim court documents 'exposing ex-Chief Whip's 'record of abusing police'
Archbishop of Canterbury admits doubts about existence of God
£21552 - £31588 per annum: Randstad Education Cambridge: Randstad Education re...
£21000 - £35000 per annum: Randstad Education Cambridge: Science teachers requ...
£30000 - £35000 per annum: Sauce Recruitment: A successful, Central London bas...
£21000 - £35000 per annum: Randstad Education Cambridge: Qualified English tea...