Construction NewsConstruction Directory Caledonian Heating & Plumbing Ltd
Solar & Wind Applications Ltd Ace Painters And Decorators CAS-Hire Stirling Cappers Plant Hire Panelcraft Access Panels A & M Timber Begetube (uk) Ltd At Home Construction Ltd Glasgow Stone Specialists Ltd Meikle Builders Coalburn Ltd A.G.S Steel Erectors Ltd William Wilson Morris & Spottiswood Ltd MG Scotland Training Ltd CGP Welding Ltd Seaforth Double Glazing and Home Improvements

Scottish Industry News

09/03/2012

First GIB To Be Based In Edinburgh And London

The Business Secretary Vince Cable announced today that the first ever UK Green Investment Bank (GIB) will be based in Edinburgh and London.

The headquarters of the GIB will be located in Edinburgh, with the GIBís main transaction team based in London. This arrangement will enable a greater commercial reach nationally than could be achieved from one location.

Sitting the bank across these two locations will enable the GIB to become a world leader, playing to the strengths of Edinburgh and London.

Mr Cable said: "Harnessing the strengths of Edinburgh and London will support the Green Investment Bank's ambition to become a world leader. Edinburgh has a thriving green sector and respected expertise in areas such as asset management. London, as the worldís leading financial centre, will ensure that the GIBís transaction team can hit the ground running.

- - - - - - Advertisement - - - - - -
THT Scaffolding Company Ltd

"This decision will allow the GIB to operate effectively and achieve its mission of mobilising the additional investment needed to accelerate the UKís transition to a green economy."

Scottish Secretary Michael Moore said: "I am delighted that the Green Investment Bank will be headquartered in Edinburgh. Scotland has enormous green energy potential and its capital is the UKís second biggest financial centre.

"The size and scale of the UKís single energy market ensures the level of investment that will unlock Scotlandís renewables future, providing sustainable and affordable green energy across the UK. It makes perfect sense to have a GIB presence there.

"By basing the GIBís corporate HQ, asset management and administrative functions in Edinburgh and its transaction team in London, we can harness expertise across the country to deliver a strong and successful GIB for the UK."

The next step for the GIB is the recruitment of the Chair and Senior Independent Director so that it will be in a position to be fully operational this Autumn, subject to state aid approval for the GIB. The GIB is expected to employ 50-70 full time equivalent staff across the two sites.

(CD/GK)
Bookmark and Share

Top Stories
30/01/2015
£2.5m Ratho Housing Development Opens
30/01/2015
Calls For Replacement Prison To Go Ahead
30/01/2015
Local Landmark To Be Demolished In The Highlands
30/01/2015
Hydro Scheme Unveiled For Pollok House
30/01/2015
Aberdeen Art Gallery Refurb To Begin
30/01/2015
Work Starts At Jamphlars Pond In Fife
30/01/2015
Kilsyth Flood Prevention Works To Commence
30/01/2015
Construction Firm Fined Over Injured Worker
29/01/2015
Empty Homes In Fife Brought Into Use
29/01/2015
Doosan Babcock To Build GSK Facility
Construction News Archive
Submit News Story
Editorial Staff
home
UK Construction Industry News
£2.5m Ratho Housing Development Opens
Calls For Replacement Prison To Go Ahead
Local Landmark To Be Demolished In The Highlands
Hydro Scheme Unveiled For Pollok House
Aberdeen Art Gallery Refurb To Begin
Work Starts At Jamphlars Pond In Fife
Kilsyth Flood Prevention Works To Commence
Construction Firm Fined Over Injured Worker
Empty Homes In Fife Brought Into Use
Doosan Babcock To Build GSK Facility
EDF Energy Drops Wind Farm Plans
Progress Made On A9 Dualling Scheme
Subscribe to email news

national News
Man Found Guilty Of Nursery Rape
Easyjet Supports Heathrow Expansion
Eleven Arrested Over Laundering Of Fraud Proceeds
Two Bodies Found On Beaches In Scotland
More Than 350 Councils To Receive New Homes Bonus Payments
Bodies Recovered In Missing Trawler Search
50th Anniversary Of Sir Winston Churchill State Funeral Marked
Teenager Serving 20 Years For Murder Loses Appeal
Police Extend Search For Missing Dorset Woman
Search Resumes For Missing Trawler And Fishermen
Snow Grounds Flights At Manchester Airport
Magnitude 3.8 Earthquake Recorded In West Midlands
New Colour-Coded Schools Rating System Revealed For Wales
Other News In Brief
Construction News Archive
download the Construction app from the app store
Northcote Services Peterkin Homes Limited Tile King Architectural Design Solutions comp connection Nimmo Joinery Limited Kitchens By Allan Craig See-IT-3D Door Automation (Scotland) Ltd AR-EL Workshop Equipment Ltd Martin Property Care Limited Cyclone Steel Buildings Pinefield Glass Caledonian Heating & Plumbing Ltd H Meanen (Electrical Services) Ltd Clyde Windows & Construction Ltd
Custombuilt Joinery Ltd
Flagship Media Group Ltd
Unit C3, 6 Westbank Drive, Belfast,
BT3 9LA, Northern Ireland
Tel (+44) 28 9031 9008
Contact : Click here
Website Terms and Conditions

keycons003 / keycons003x5 31/01/2015 16:06:50 / A3 / B3 / 0.046875, 54.161.221.10 / BOT1

First GIB To Be Based In Edinburgh And London - The Business Secretary Vince Cable announced today that the first ever UK Green Investment Bank (GIB) will be based in Edinburgh and London.