Green Investment Bank (Leeds)

Debate between Greg Mulholland and Hilary Benn

Monday 14th November 2011 Commons Chamber

[Hilary Benn (Leeds Central) (Lab)]

I join others in congratulating the hon. Gentleman on securing the debate. He is making a very powerful case for the Leeds city region bid. As he is talking about homes, does he agree that it is important to have innovation in housing if we are to tackle the CO₂ challenge? For example, the pioneering greenhouse project in Beeston in my constituency has taken a derelict building and turned it into flats. At the last count, that project had won 27 or 28 awards and is producing heat from ground source heat pumps and recycling water. It is a living, breathing example of what can be done and a good illustration of the kind of innovation that can be found in the region. That is precisely why the bid from the Leeds city region should be successful.

[Greg Mulholland]

I thank the right hon. Gentleman, my other neighbour, for his support in this campaign. That is a strikingly innovative project. While we have the Minister here, we should suggest that he visit projects of that nature; the only thing is that he and his team will probably need about a week to see many of the wonderful things that are going on in the Leeds city region.

A little further afield, in East Yorkshire, we have offshore wind on the Humber—a project that has been developed with significant expertise from the Leeds city region across the financial, legal, manufacturing and engineering sectors. The region’s traditional sectors, such as manufacturing, will develop the low-carbon technologies of tomorrow, as in the case of David Brown, a company mentioned by the hon. Member for Colne Valley.

That leads to the second reason why Leeds city region should get the green investment bank: the incredible talent that we have. As the right hon. Member for Wentworth and Dearne has already said—he rather stole my thunder, but it needs to be repeated again and again, so I am happy that he has done so—Leeds is the leading UK centre for financial services outside London, with 120,000 people working in the sector and over 30 national and international banks based in the city. I do not know whether the Minister is aware of this, but Leeds city region has the biggest financial sector outside London—bigger than any of the competitors currently bidding for the location of the green investment bank.