The Scottish Government has written to UK Climate Change & Industry Minister Nick Hurd seeking clarity on the sale of the Green Investment Bank (GIB).

In a letter Keith Brown, Scotland’s Cabinet Secretary for Economy, Jobs & Fair Work, cited reports that the current deal to sell the Edinburgh-based institution to Australian infrastructure investor Macquarie is under threat.

He said: “The UK Government continues to proceed with the sale of the GIB, offering the Scottish Government little in the way of consultation or clarity.

“Although I welcome assurances that Scotland’s interests are being considered in this process, recent media reports highlight the need for greater transparency from the UK Government.”

‘Lack of transparency’

Brown added: “Foremost among my concerns is the importance of retaining the bank’s Edinburgh headquarters and the 55 highly-skilled jobs it supports.

“The lack of transparency around the sale creates significant concern and uncertainty for staff, and the sector more widely.

“I would like to reiterate my determination to ensure these roles are protected at a similar standing and scale as the present arrangement.”

> See the Scottish Government's statement