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Simple Energy: Sequoia Economic Infrastructure Income Fund

Question for Department for Business, Energy and Industrial Strategy

UIN 24530, tabled on 24 June 2022

To ask the Secretary of State for Business, Energy and Industrial Strategy, pursuant to the Answer of 16 June 2022 to Question 16806 on Simple Energy: Insolvency, what was the source of the payments from Simple Energy to Sequoia Investments referenced in the Monthly Investor Report from Sequoia Investment Group dated 29 April 2022.

Answered on

29 June 2022

Payments made by Simple Energy are a matter for the administrators of Simple Energy. Payments under the Transitional Service Agreement between Bulb and Simple Energy cover services necessary to preserve and continue the business of Bulb such as Information Technology, services, and employees.

Named day
Named day questions only occur in the House of Commons. The MP tabling the question specifies the date on which they should receive an answer. MPs may not table more than five named day questions on a single day.