Scottish finance industry update: Green Investment Bank
Wednesday, 6 April, 2011 Leave a comment
Following on from last weeks report from PwC (see below) we now have the efforts being made to lure GIB to Edinburgh. Unless I am very much mistaken, it makes sense on every level…except, perhaps, a Political one!!?
It would certainly continue “sit well” with the, recently announced, Glasgow-based “Renewable Energy Zone”.
Why should the Green Investment Bank come to Edinburgh?
We think there’s a compelling case for Edinburgh over and above any other city in the UK, including London. Really that’s based on Edinburgh’s ‘three-legged stool’ if I can call it that of expertise in financial services, asset management and renewable/low carbon energy. Our academic research base is also strong, with dedicated clean energy research centres at University of Edinburgh, Heriot-Watt University and Edinburgh Napier University. We don’t believe there’s any other location with this combination of assets – apart from London. The problem with London is that it’s the metropolis and a green investment bank will take its place among the other agencies and departments of government. Whereas in Edinburgh, it would be highly visible and mobile in terms of its contribution to the rest of the UK…