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Eden Bids For Green Investment Bank

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6:29pm 2nd February 2012
(Updated 6:29pm 2nd February 2012)

Cornwall could become home to the world's first Green Investment Bank.

The government wants to pump three billion pounds into creating one.

Now bosses at the Eden Project have put in a bid to be its home.

The criteria for deciding on a location say that it should:

* be able to recruit and retain the specialist staff needed to run the organisation

* enable the GIB to work closely with other parties involved in deals as well as other investment bodies, project developers and green technology providers

* ensure that the GIB is cost effective.

Other locations that put in a bid include financial heavy hitters like London, Birmingham, Cardiff, Manchester and Leeds.

Business Secretary Vince Cable said:

"I am delighted that the Green Investment Bank has fired the imagination of so many public and private sector groups keen to host this world-first institution. They all have a role to play in helping the UK seize the benefits of a transition to a low carbon economy."

All the submissions will now be reviewed against the criteria by a review panel.

Advice will then be put to Vince Cable who will announce his final decision next month.

MD of the Eden Project, Gaynor Coley, says, "What better than here, down in Cornwall, where we're really championing environmental technology as well as new thinking, to put a mark in the ground that this is going to be a new organisation with a different approach.

"We think that what we offer is a very iconic piece of architecture and a fairly radical way of thinking. So, looking at the world and saying things could be different. If we actually restructured things in a different way we could have a positive impact on the environment".

6:29pm 2nd February 2012

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