Fears for jobs and ethics at green bank
GUARANTEES are being demanded from the UK government that the Edinburgh-based Green Investment Bank will stay in the Capital and remain true to its original purpose despite privatisation plans.
The bank – the first of its kind in the world – was set up to invest in new green infrastructure projects in areas including waste management, energy efficiency and offshore wind.
Edinburgh was chosen to be the headquarters in 2012, beating off competition from 34 other UK cities. Around 30 people are employed at its base in Morrison Street.
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