Mike Crockart
Main Page: Mike Crockart (Liberal Democrat - Edinburgh West)
Vince Cable
I did not follow fully where the hon. Gentleman was going, but, no, as I understand it that is not the intention. The £3 billion contribution from the Government is not tied to any specific source.
Mike Crockart (Edinburgh West) (LD)
I welcome my right hon. Friend’s announcement, particularly his commitment to the long-standing, enduring nature of the green investment bank. May I urge him, however, to set a clear time scale for when a decision on location will be made? I fear that once the bank has been incubated in Victoria street, its location may be decided more by inertia than by examination of the excellent business cases that have already been given to him, such as the one from Edinburgh.
Vince Cable
There will be a proper process, and it is important that we consider carefully all serious applications on their merits. I commend my hon. Friend and his colleagues in Edinburgh for the high level of professionalism that they have brought to bear on their application. They have met me and my departmental officials and have taken great interest in it, and I commend their approach.