Warrington Borough Council yesterday (Monday 30 January) submitted a strong bid to be the host town to locate the HQ of the Green Investment Bank.

The Green Investment Bank, which the Government is establishing, will aim to accelerate investment in the UK’s transition to a green economy. Economic studies confirm that Warrington already has a very strong green economy.

The investment opportunities created by the Green Investment Bank will help the town to grow to become a leader in research and development within the Green technology sector.

Warrington’s submission to the Secretary of State for Business, Vince Cable MP, sets out why the town is the right site for this new financial institution:

• Warrington is in a prime location at the heart of the North West with excellent transport links

• As a town, Warrington consistently out-performs most of the rest of the UK in terms of economic indicators

• Warrington can attract professionals with the right expertise and skills for the new organisation

• Warrington’s old North West Development Agency building is Government owned, centrally located, of the appropriate size required and has excellent energy standards (it is rated as BREEAM excellent - which is the highest energy efficiency standard) – making it the ideal home for the new bank.

Cllr Terry O’Neill, leader of Warrington Borough Council, said:

‘We believe Warrington can offer everything required to provide the perfect location for the Green Investment Bank.

‘If we were successful in our bid it would not only create jobs for the local area, it would also be a tremendous economic boost for the town. In addition, it would help reinforce the Government’s commitment to closing the economic gap between the North and South of the country. A decision is expected in February from the Secretary of State for Business.

‘We would welcome the involvement of local businesses interested in supporting the town’s bid. For further information please email inwardinvestment@warrington.gov.uk.’