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PRESS RELEASE

2 March 2012
Embargo: For Immediate Release

SCDI COMMENT ON GREEN INVESTMENT BANK

Commenting on today’s announcement that the Green Investment Bank is to be based in Edinburgh, SCDI Chief Executive, Dr Lesley Sawers said:

“The arrival of the Green Investment Bank is great news for Edinburgh and Scotland’s renewables industry, and the culmination of a long campaign actively supported by SCDI.

“Access to sufficient and unprecedented levels of capital is the most important factor in the installation and development of renewable technologies and the Green Investment Bank must play a key role as soon as possible. The UK Government should consider whether the new Bank’s borrowing powers will be needed sooner than currently projected.

“Maximising the value of Scotland’s renewable assets is a key priority in re-building our economy. The Green Investment Bank will therefore accelerate Scotland's economic recovery, create jobs and help to deliver a sustainable energy future.”


Note to editors

SCDI is Scotland's leading independent economic development organisation
representing 1,200 companies, SMEs, public sector bodies, charities, trade unions and
faith groups.

For further information, please contact James Alexander, SCDI Senior Policy and
Communications Manager on 0141 222 9728 or 07762 023 985.

 


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