Wednesday, 19 May 2010

Ian Swales urges Chancellor to bring 'green investment bank' to Teesside

Newly elected MP for Redcar, Ian Swales, today began his campaign to bring hundreds of Government jobs to Teesside by writing to George Osborne, the new Chancellor of the Exchequer, to formally request that he consider Teesside as the location for the administrative centre of the Government's proposed 'Green Investment Bank'.

Under the coalition Government's proposals, the bank will be used to provide investment for 'green' projects such as upgrading ports to make them suitable for off-shore wind turbines.

In his letter to the Chancellor, Mr Swales stressed the need for increased Government support to help the North East recover from the economic crisis and deal with the continuing high levels of unemployment.

Commenting, Mr Swales said:

"I'm delighted that the coalition Government has given the go-ahead for the creation of a new Green Investment Bank and am hopeful that Teesside will be able to play a significant role in its ongoing development.

"I've written to George Osborne to ask him to consider Teesside as the location for the bank's administrative centre, which, if successful, will provide a much needed injection of highly skilled jobs to the area.

"Teesside has been badly neglected by the previous Government, which is why it is vital that it receives support to help rejuvenate the area.

"Choosing Teesside as the site for the Green Investment Bank will not only help create jobs now, but will also provide the North East with stable, long term employment for many years to come."

2 comments:

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Sabrina Garza said...

“Green Investment Bank will not only help create jobs now, but will also provide the North East with stable, long term employment for many years to come." – I actually agree with this. One of the established goals of GIB is not only to sustain the environment, but to build up the economy by creating more jobs.

Sabrina Garza