Agenda item

Report of the Director of Economic Development.

The Committee considered and approved a report of the Director of Economic Development concerning the City Corporation’s involvement in the proposed creation of a Green Finance Institute. This was intended to bring together the UK’s existing capabilities, create new business opportunities and communicate to the wider market what London’s offer was in green finance and insurance. The Chancellor of the Exchequer had written to the Policy Chairman requesting that the City of London Corporation found and operate the Institute and, subject to formal business planning and governance, it had been suggested that the Institute would be based within the City Corporation, which would have oversight on strategy and operations.