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Decision details

Green Investment Bank

Decision Maker: Cabinet

Decision status: Approved

Is Key decision?: No

Is subject to call in?: Yes

Purpose:

Bath and North East Somerset to express support for a joint bid between the West of England Local Enterprise Partnership, Bristol City Council and the business community for a Green Investment Bank to be located in Bristol

Decision:

(1) To SUPPORT the bid for the Green Investment Bank to be located in Bristol

(2) To WORK with the Local Enterprise Partnership, the business community and Bristol City Council to promote the opportunities afforded by locating the Bank in Bristol

Reasons for the decision:

As a LEP partner, Bath and North East Somerset stands together with the 3 other Unitary Authorities of Bristol, North Somerset and South Gloucestershire to support this bid. A successful bid will generate economic opportunities for the whole area as well as the District.  It is considered important to back the bid against competition from other UK cities and regions in order to bring the benefits of the bank to the sub region.

Alternative options considered:

None

Report author: John Wilkinson

Publication date: 09/02/2012

Date of decision: 08/02/2012

Decided at meeting: 08/02/2012 - Cabinet

Effective from: 17/02/2012

Accompanying Documents: