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Greensill: Redundancy Pay

Question for Department for Business, Energy and Industrial Strategy

UIN 183281, tabled on 19 April 2021

To ask the Secretary of State for Business, Energy and Industrial Strategy, what estimate he has made of the amount of statutory redundancy paid to former Greensill Capital employees since the collapse of that company.

This answer is the replacement for a previous holding answer.

Answered on

23 April 2021

The Redundancy Payments Service (RPS) is dealing with two cases: Greensill Capital Management Company (UK) Limited and its subsidiary, Greensill Capital (UK) Limited.

In respect of Greensill Capital Management Company (UK) Limited the RPS has, to date, paid out £138,971 in statutory redundancy payments.

In respect of Greensill Capital (UK) Limited, to date no claims have yet been received and no payments made.

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