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Edinburgh bids for Green Investment Bank

Business chiefs are lobbying hard for the Scottish capital to become the HQ for the new lender to renewable energy projects, but not everyone is convinced

A lobby group has met with ministers today to present its case for the Green Investment Bank to be located in the Scottish capital, a day after PricewaterhouseCoopers urged Scotland to bolster its financial services industry to prevent it from sliding further down the international league tables.

The delegation, which comprised individuals from the energy, education, accountancy and banking sectors, met Scottish secretary Michael Moore and business secretary Vince Cable among others, to argue that Edinburgh's position as a financial hub and its renewable energy expertise makes it an ideal location for the bank.

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