Rathbone Greenbank Investments
The Green Investment Bank - support for the Bristol bid
Rathbone Greenbank is supporting Bristol’s bid to host the soon to be established Green Investment Bank.
Since launch, we have made a number of investments in the environmental and green technology space. Apart from direct funding of companies with excellent environmental credentials, we were active in lobbying the European Investment Bank on the development of green bonds, suggesting that innovative financial instruments be made available to enable private investors to sponsor climate reduction technology and renewable energy projects. We have facilitated investment in the Nikko Asset Management World Bank Green Fund, the vehicle which was established to enable retail investment in green bonds.
Rathbones also has exposure to investing in renewable energy projects through the operation of the Rathbone Unit Trust Management Ethical Bond Fund, a retail product which includes clean energy and environmental technology as part of its positive investment selection criteria. The operation of a Government funded Green Investment Bank will strengthen the sector greatly.
Being based in Bristol would have many advantages for the new institution, not least the availability of high-quality graduates. Of our eleven professional staff, 6 are graduates of Bristol University, with five of these graduating recently. One of our team acts as a contact point for the Bristol University Careers service, and we have regularly employed paid summer interns from Bristol & Bath universities. Of our professional staff, in recent history some four fund managers have made the move from London to Bristol on a permanent basis.
Nicola Day, an Investment Director at Rathbone Greenbank Investments, says; “Bristol is a wonderful location because it is not only a thriving business centre but also has a very strong ethical and green focus – a factor that our nationwide network of clients appreciate.
“The quality of the location is a major aspect to retaining our staff – often relocating from major international banking centres, they are attracted to a more balanced and fulfilling lifestyle.”
Bristol is one of 19 UK cities bidding to host the bank. The Department for Business, Innovation & Skills is expected to make a decision by the end of February 2012.
* 30 June 2011