Oral Answers to Questions

Mark Lazarowicz Excerpts

Thursday 14th July 2011 Commons Chamber

[Mr Prisk]

Absolutely—those three are merely early applicants, not a shortlist. All proposals will be considered on a fair and open basis.

[Mark Lazarowicz (Edinburgh North and Leith) (Lab/Co-op)]

I am sure that the Minister will understand the strong case for the bank to be based in Edinburgh, but will he confirm that the bank will not end up just taking up the cuts made elsewhere in Government expenditure? I was concerned by the earlier suggestion that wave power could be funded by the green investment bank. I hope that the bank will provide new, additional funding for greener industries and not just pick up slack elsewhere.