Edinburgh the 'natural' choice for green bank HQ

THE Green Investment Bank should be established in the Capital because it is the "natural headquarters" of Britain's renewable energy sector, the head of the Edinburgh Chamber of Commerce has said.

Chief executive Ron Hewitt said like the Ruhr and manufacturing in Germany, and Silicon Valley and information technology in California, Edinburgh has the expertise that will allow Scotland to become a world leader in renewables.

Mr Hewitt said: "This government has seen the need to rebalance Britain's economy away from over-reliance on the city of London. In Edinburgh, we are witnessing the birth of a new industrial sector that is combining economies of scale and specialist know-how to become a world leader.

"Headquartering the GIB in Edinburgh would be a great step forward to boosting an industrial success story that would benefit all of Britain."