UK's New Green Investment Bank To Be Headquartered In Edinburgh

The UK government has decided to open the HQ of its Green Investment Bank (GIB) in Edinburgh, Scotland. Vince Cable, the UK business secretary, announced that the GIB would have its HQ in Edinburgh, but also another large office in London. The bank will have the job of attracting billions of pounds of investment to new renewable energy projects. Cable said that he expected the decision to split the banks operations over two distant cities to be criticised, but that the aim is to “rebalance the (UK) economy” by not having all major financial…

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