Press Release: Green Investment Bank to be based in Edinburgh and London

The UK Business Secretary, Vince Cable, announced, on 8 March 2012, that the first ever UK Green Investment Bank (GIB) would be based in Edinburgh and London.

The GIB is designed to accelerate private sector investment in the UK’s transition to a green economy. 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 GIB, subject to approval by the European Commission.

• Primary Source

United Kingdom, Scotland: The Scottish Government: News Release, 8.3.12: Green Investment Bank http://www.scotland.gov.uk/News/Releases/2012/03/Green-Investment-Bank-07032012

United Kingdom: BIS: Location of the Green Investment Bank: Secretary of State's Decision, March 2012 http://www.bis.gov.uk/assets/biscore/business-sectors/docs/l/12-646-location-green-investment-bank-decision

United Kingdom: Scotland Office: Press Release, 28.11.12: UK Green Investment Bank opens for business http://www.scotlandoffice.gov.uk/scotlandoffice/18209.html

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