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Martin backs Bristol base for green bank

May 24, 2011 2:12 PM

CHELTENHAM MP Martin Horwood has strongly welcomed Business Secretary Vince Cable's announcement today on the establishment of the long-awaited Green Investment Bank. Vince Cable confirmed that Bristol is one of the candidate locations for the bank, in competition with London and Edinburgh.

Martin welcomed the announcement in the House of Commons today and expressed support for Bristol's bid, pointing out that it could take advantage of Gloucestershire's expertise in financial services.

Investment in a greener economy was one of the four main planks of the Liberal Democrat manifesto last year.

Martin commented: 'Vince's announcement today on the Green Investment Bank puts a major Lib Dem election pledge into action. I strongly back Bristol's bid to locate the bank in our region. We have unique expertise and heritage in financial services including C&G and Chelsea Building Society and a pioneering record in green business.'

'I would urge all local MPs, councils and business organisations to join me in backing Bristol's bid. This should be an early priority for our emerging Gloucestershire Local Economic Partnership.'