HUNTER BACKS MANCHESTER GREEN INVESTMENT BANK BID

February 7, 2012 6:00 PM

Green Investment bank Cheadle Lib Dem MP Mark Hunter has given his backing for the bid to locate the Coalition Government's Green Investment Bank in Manchester.

At a recent campaigns event in Parliament, Greater Manchester MP Mark Hunter joined with representatives from the Greater Manchester Local Enterprise Partnerships, MIDAS, the New Economy, AGMA, pro.manchester and other MPs to discuss the case for having the Green Investment Bank based in Manchester.

The Coalition Government is creating the Green Investment Bank, the first of its kind in the world, which is designed to accelerate private sector investment into the UK's transition to a green economy.

The Government is providing the £3 billion initial capitalisation of the Bank and given it borrowing powers from 2015. The Bank will begin its operations in 2012, a year earlier than planned, and is anticipated to leverage an additional £15 billion from private sector investment in green projects. A decision, by the Secretary of State for Business, Innovation and Skills, on where to locate the Bank is imminent.

The key points being made for the Manchester Green Investment Bank Bid are that:

Commenting, Mark said:

"As a Greater Manchester MP and a Mancunian born and bred I strongly support Manchester's bid for this flagship project to be located in the city, and am convinced the bidding team has put forward a strong and impressive case.

"The Green Investment Bank is a fantastic initiative which will provide thousands of jobs and help boost our nation's green economy.

"Obviously the Secretary of State must remain impartial when making his decision, but as a local MP in the Greater Manchester area I will be doing all I can to make the case for locating this fantastic project on our doorstep."

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