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Mulholland set to meet with Minister to make case for Green Investment Bank in Leeds

July 13, 2011 11:08 AM

Following his question to Chris Huhne in the House of Commons last week, Greg Mulholland, Member of Parliament for Leeds North West, will be meeting along with the Leeds Chamber of Commerce and CO2Sense, with Minister of State for Climate Change Gregory Barker MP, to make the case for locating an arm of the Green Investment Bank in Leeds.

The Green Investment Bank has been earmarked for an initial £3 billion worth of investment and is projected to assist in injecting £15 billion into the green economy within four years. The Rt Hon Chris Huhne assured the House that no decisions have been taken regarding the future location of the Green Investment Bank, and that a decision was still "some way off."

The meeting on Wednesday will allow Mr Mulholland, the Leeds Chamber of Commerce, and CO2Sense to lobby Mr Barker on the city's behalf. As the country's second financial centre, Leeds is an extremely viable option for the Bank.

Greg commented:

"Having now made clear that no decision on the location of the Bank has been made, I am looking forward to the meeting next week with Gregory Barker, CO2Sense and representatives from Leeds, to discuss the city as a potential location for an arm of the Bank. Many people in Leeds are working hard on the bid to see parts of the Bank located in the city and it is great news that Leeds is still being considered as a potential location.

"Leeds and Yorkshire have a very strong case, as the country's second financial centre, and with numerous other strengths including a diverse and innovative manufacturing base, access to a large local labour pool and good connectivity to London and beyond. It is vitally important that Leeds is considered as a potential site for an arm of the Green Investment Bank. Leeds is an extremely viable option for the bank's location, and securing the bank would undoubtedly bring additional jobs to the city."