To ask the Secretary of State for Business, Innovation and Skills, whether he plans for funding allocated for the Green Investment Bank but yet to be deployed to be ring-fenced for that Bank's use following privatisation.
14 September 2015
To date the Green Investment Bank (GIB) has made commitments totalling £2.1billion. The Government will fund these and any further commitments GIB enters into during the current year to March 2016. The question of how much HMG funding is needed to fund GIB’s business activity in subsequent years is directly related to the question of whether we are able to bring private ownership into GIB and will be considered in that context as part of the Spending Review.