Cardiff competes with 31 bids for Green Investment Bank
A total of 32 towns and cities across the UK are bidding to host the Green Investment Bank, which the Welsh Government wants for Cardiff.
The process for finalising the location of the GIB was announced last month with interested parties invited to self-assess against a common set of criteria, to demonstrate whether they would be an effective base for the £3bn GIB.
Business secretary Vince Cable said: "I am delighted that the GIB has fired the imagination of so many public and private sector groups keen to host this world-first institution. They all have a role to play in helping the UK seize the benefits of a transition to a low carbon economy."
The government said the GIB will play a key role in its move towards a green economy, complementing other green policies aimed at encouraging private sector investment into green infrastructure.
All the submissions will now be reviewed against the criteria by a review panel. Advice will then be put to Cable who will announce his final decision next month.
The locations bidding to host the bank are: Bicester, Birmingham, Brighton, Bristol, Cardiff, Chester, Cornwall, Coventry and Warwickshire, Derby, Durham, Edinburgh, Gloucester, Hull, Ipswich, Leeds, Leicester, Liverpool, London, Manchester, Milton Keynes, Newcastle, Norwich, Nottingham, Peterborough, Renfrewshire, Sheffield, Southampton, Stoke-on-Trent, Sunderland, Tees Valley, Torbay and Warrington.
Business minister Edwina Hart this week said the Welsh Government had submitted a "robust" bid.
