Written questions, answers and statements

Green Investment Bank

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Question for Department for Business, Innovation and Skills

UIN 902718, tabled on 9 December 2015

Question

Julie Elliott
Labour
Sunderland Central
Commons

To ask the Secretary of State for Business, Innovation and Skills, if he will ensure that the Green Investment Bank continues to pursue its principal objectives after its privatisation.

Answer

Anna Soubry
Conservative
Broxtowe
Commons

Answered on

15 December 2015

The Government is seeking to sell the Green Investment Bank (GIB) so it can grow and increase its impact in green sectors, free of the restrictions of being in the public sector.


GIB has over £2bn in existing and successful green investments, and employs seventy green sector specialists. This unique green specialism is what will attract investment from investors


As a key part of any sale discussions, the Government will be asking potential investors to confirm their commitment to GIB’s green values and investment principles and to set out how they propose to protect them.

Answered by

Department for Business, Innovation and Skills
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