FoE react to Green Bank location announcement

Reacting to news today (Thursday 8 March 2012) that the HQ of the Green Investment Bank will be in Edinburgh, Friends of the Earth’s economics campaigner, David Powell, said: “Choosing the HQ for the Green Investment Bank has been like arguing about where to put the cherry on a half-baked cake.

“This is great news for Edinburgh, but George Osborne’s inadequate support means it will start life as a lame duck.

“A flourishing Green Investment Bank is vital to unlock the huge potential of clean British energy and create thousands of new jobs.

“The Chancellor’s Budget must free the bank from his vice-like grip by allowing it to borrow and lend from the markets from day one.”