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Brighton & Hove bids to bring Green Investment Bank to the city

By James Ledward
Feb 3, 2012 - 10:10:22 AM
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Cllr Bill Randall

Brighton & Hove is bidding to become the location of the Government's Green Investment Bank.
 
The city is one of 32 towns and cities across the country which had made an expression of interest to the Department for Business Innovation and Skills to be the base for the headquarters of the bank.
 
The Green Investment Bank is designed to accelerate private sector investment in the UK's transition to a low carbon economy.

For more information view:
www.bis.gov.uk/greeninvestmentbank
 
The bank is expected to have 50 to 100 staff and potentially mobilise £15 billion of investment.
 
Councillor Bill Randall, leader of Brighton & Hove City Council, has submitted the bid on behalf of the city,

Bill said:
“I believe we have the talent pool, commercial infrastructure, credible international brand and sheer ambition to host the Green Investment Bank in our city.
 
"Brighton & Hove is concerned about climate change and, with two universities, the city is a centre of economic innovation.
 
"Financial services are at the heart of the city's economy and therefore there is an existing workforce with the necessary skills to take up employment opportunities if a Green Investment Bank located in the city."
 
He added:
"It is early days and we are up against strong competition, but we trust our bid will be given serious consideration."
 
Business Secretary Vince Cable is due to announce a final decision on the location of the bank next month.
 


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