Scottish finance industry update: Green Investment Bank


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…

Lobbying for the UK Green Investment Bank to be located in Edinburgh

 

I was out and about yesterday and only realised this morning that the content has gone missing! The PwC report said they needed to act quickly but if they made the right moves there was a potential to double the number of jobs in the sector – currently at almost 100,000, as new banks moved into Edinburgh and Glasgow to recruit from those being shed by the traditional lenders. Tax powers More collaboration – within the industry and with universiti … Read More

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