Scotland calls for clarity on sale of UK green bank

Scotland is calling on the UK Government to provide clarity on the sale of the Green Investment Bank (GIB). Keith Brown, Cabinet Secretary for Economy, Jobs and Fair Work, has […]

Register now!

By Priyanka Shrestha

Scotland is calling on the UK Government to provide clarity on the sale of the Green Investment Bank (GIB).

Keith Brown, Cabinet Secretary for Economy, Jobs and Fair Work, has written to Industry and Climate Change Minister Nick Hurd following reports the current deal is under threat.

MPs on the Environmental Audit Committee (EAC) recently raised concerns following reports claiming GIB’s assets risk being sold off after it is privatised.

Mr Brown said: “The UK Government continues to proceed with the sale of the Green Investment Bank, offering the Scottish Government little in the way of consultation or clarity.

“Foremost among my concerns is the importance of retaining the Bank’s Edinburgh Headquarters and the 55 highly skilled jobs it supports. The lack of transparency around the sale creates significant concern and uncertainty for staff and the sector more widely. I would like to reiterate my determination to ensure these roles are protected at a similar standing and scale as the present arrangement.”

He however welcomed assurances that Scotland’s interests are being considered as part of the discussions around the privatisation of the GIB.