Construction NewsConstruction Directory Caithness Flagstone Ltd
Caltech Ltd Therma Sol Limited THT Scaffolding Company Ltd. Stuart King Architecture & Design Ltd Scaffold Contracts Ltd Value Doors UK Saucer Solutions Limited Artisan Hardwood Flooring Deeside Timberframe Limited LEDTEK Lighting Ltd Astrak UK Gage Construction Ltd CM Steel Buildings Ltd Blairs Windows Ltd GHC Roofing Ltd Caithness Stone Industries Ltd

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 GIB’s 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 world’s leading financial centre, will ensure that the GIB’s transaction team can hit the ground running.

- - - - - - Advertisement - - - - - -
Kirk Natural Stone Developments Ltd

"This decision will allow the GIB to operate effectively and achieve its mission of mobilising the additional investment needed to accelerate the UK’s 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 UK’s second biggest financial centre.

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

"By basing the GIB’s 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
18/12/2014
Clyde Windows & Construction First Scottish Firm To Achieve Trusted Trader Status
17/12/2014
Council Approves New £200m Hospital
17/12/2014
Planning Consent For 230 Homes
17/12/2014
Funding For Subsea Link Approved
17/12/2014
New Depot Facility Opens In Kilmarnock
17/12/2014
Engineering Firm Fined For Safety Failings
17/12/2014
Environmental Project Complete At Cowdenbeath
17/12/2014
Restoration Works Complete At Blà Bheinn
17/12/2014
Hadden Construction Expands Headquarters
16/12/2014
Saughton Park Designs To Be Unveiled
Construction News Archive
Submit News Story
Editorial Staff
home
UK Construction Industry News
Clyde Windows & Construction First Scottish Firm To Achieve Trusted Trader Status
Council Approves New £200m Hospital
Planning Consent For 230 Homes
Funding For Subsea Link Approved
New Depot Facility Opens In Kilmarnock
Engineering Firm Fined For Safety Failings
Environmental Project Complete At Cowdenbeath
Restoration Works Complete At Blà Bheinn
Hadden Construction Expands Headquarters
Saughton Park Designs To Be Unveiled
New Homes To Be Constructed In Iona
Scotland's Tallest Multi-Storey Flats To Be Demolished
Subscribe to email news

national News
Ban On Woman In Close Combat Could Be Lifted
Fugitive Arrested Entering Britain In Light Aircraft
Five-Hour Stand-Off Ends Peacefully
Police Appeal For Witnesses To Fatal Stabbing
Investigation Underway Into Substation Explosion
Govt To Announce Local Council Funding For 2015-16
NCA Launch Rotherham Abuse Investigation
32ft Crater Appears In Garden Of Family Home
Women Diagnosed With Cancer Following Recall Of Patients
81-Year-Old Murder Accused Skips Bail
Police Investigate 'Unexplained' Death In Cambridge
13-Year-Old Faces Murder Charge
Slavery Accused Bailed Until 31 December
Other News In Brief
Construction News Archive
download the Construction app from the app store
Scottish Timber Trade Association eco Insulate Ltd Acron Asbestos Ltd Panel Tech (Scotland) Limited Guardian Stone Sustainable Energy Scotland Limited WEEE Solutions Limited Graham Roofing Scotland Ltd Cloburn Quarry Company Elgin Sand and Gravel W. McMillan Contracting Ltd K & I Paterson Ltd Heenan Joinery Scothaus THT Scaffolding Company Ltd. Bardem Limited
Kirk Natural Stone Developments 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 / keycons003x52 22/12/2014 02:44:09 / A2 / B2 / 0.015625, 54.145.183.169 / 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.