MP warns green bank ruling delay threatens Capital's bid

A DECISION on where to base the new UK Green Investment Bank has been delayed, sparking fears the move could boost Edinburgh's rivals.

Business Secretary Vince Cable had said an announcement could be expected around now, but the need for European approval for the bank means it will be the end of the year.

Edinburgh has always seen London as its main rival in efforts to host the bank, but now Bristol is also in the running and Leeds, Liverpool and Newcastle have been mentioned.

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Edinburgh North & Leith Labour MP Mark Lazarowicz said a delay in the decision was "very concerning".

He said: "The longer the delay, the more chance there is that other places will put in detailed bids.

"It's important the case for Edinburgh continues to be put forward and the Government does not allow the decision to be kicked into the long grass."