Friday, February 3, 2012 - 14:00

The Eden Project is hoping to become the home of green business in the UK, having made a bid to be the venue for the Government’s new Green Investment Bank.

The Government is putting up £3bn which the bank will invest in green projects in the hope of stimulating further private investment in the environmental sector.

Eden is one of 32 locations bidding to host the Green Investment Bank with a separate South West bid from Torbay in Devon also in the running. Business Secretary Vince Cable is due to announce a decision on the bank’s location later this month.

In bidding for the bank, Eden suggests that fresh thinking and the South West’s understanding and experience of the green investment sector would be beneficial to championing the bank.

The bid also emphasises Cornwall’s excellent broadband infrastructure and transport links.

Gaynor Coley, Eden's Managing Director, said: "The Green Investment Bank is a great opportunity to promote a new model of working that gives better returns for investing in the environment.

“Cornwall is fast growing a reputation for innovative growth within the environmental sector. With huge investment in the Combined Universities in Cornwall, superfast broadband, Newquay Airport and renewables, we believe it’s the best location for this new bank.

"We offer a globally-recognised iconic piece of architecture and a radical way of thinking. Cornwall is clean territory as far as banking is concerned but now is the time to put clear blue water between previous, discredited methods and our new approach."

The Eden bid is being made in collaboration with Cornwall Council and the Cornwall and Isles of Scilly Local Enterprise Partnership.

Kevin Lavery, Chief Executive of Cornwall Council, said: "This is a wonderful opportunity for both the Green Investment Bank and Cornwall. There are so many synergies. Not only is Cornwall a brilliant place to live with an exceptional skills base, it is already Europe’s most advanced superfast broadband region and is rapidly becoming the UK’s leading region for green technology.

“We have on our doorstep the renowned Eden Project, which is at the forefront of running transformational economic, social and environmental projects in the UK and around the world. Cornwall has the credentials and an enviable track record in attracting new innovative businesses to Cornwall. We encourage the Department of Business Innovation and Skills to select the Eden Project as a location for the Green Investment Bank."