Written question asked by David Mowat (Conservative) on Monday, 4 July 2011, in the House of Commons. It was due for an answer on Wednesday, 6 July 2011. It was answered by Mark Prisk (Conservative) on Monday, 11 July 2011 on behalf of the Department for Business, Innovation and Skills.

Green Investment Bank: Location

Question: (2) what relative weighting is accorded to operational costs in the selection criteria for the location for the Green Investment Bank;

Answer: The sighting of the Green Investment Bank will need to ensure it provides easy access to deep pools of talent with the necessary 'green' and financial services skills.The Government's document ““Update on the design of the Green Investment Bank”” identified a number of criteria for the decision on location. One of these criteria was commercial costs, which includes capital costs. The bank's location will be decided after state aid approval has been given and a decision on the relative weighting of each criterion will be made in due course.In the meantime, Ministers will consider all submitted business cases for the bank's location. To date, London, Edinburgh and Bristol have each made representations to host the bank.

Secondary information