Edinburgh Labour MPs have today written to Secretary of State for Business, Innovation and Skills Vince Cable, the Prime Minister, the First Minister and the Secretary of State for Scotland Michael Moore in a final push to have the proposed Green Investment Bank situated in Edinburgh.

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Ian Murray said:

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“With the announcement of the decision on the Bank’s location due shortly, we have made one final push to highlight why Edinburgh is the obvious choice for the Green Investment Bank.• Our city has the required skilled and specialist staff and is an established financial hub in Europe.• Indeed the Bank would be at the heart of the financial services sector in Edinburgh which would be hugely important to residents across the city.

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Mark Lazarowicz added:

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“I have reiterated to Vince Cable that if the Bank is sited in Edinburgh, it will be able to link up with local companies and the top-class universities that we have to offer.• This connection will be vital in ensuring that the technology we need for our green economy to flourish is developed.• This is a campaign I have supported from the start and it would be great for it to come to fruition.”

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Sheila Gilmore said:

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“The Green Investment Bank will play a big role in greening the economy. It will step in to back green infrastructure projects where the private sector cannot do so. The Government should base the bank in Edinburgh to allow it draw on expertise from institutions such as the University of Edinburgh in my constituency. This would then provide hundreds of good quality well paid professional jobs for people in the city -; something that would be welcome during these difficult economic times.”

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