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Statement on creation of a Green Investment Bank

25 May 2011

Image of UK Parliament portcullis

Secretary of State for Business, Innovation and Skills, Vince Cable, made a statement to the House of Commons on Tuesday 24 May on Government plans to establish a 'Green' Investment Bank.

The plans involved creating a bank dedicated to the greening of the economy through investment in such green enegry enterprises as transport, waste infrastructure, decarbonised electricity and low-emission cars.

Shadow Secretary of State for Business, Innovation and Skills, John Denham, repsonded on behalf of the Opposition.

Watch and read the statement and the views expressed by MPs, on Parliament TV and in Commons Hansard.

Oral statements

Oral statements are made after Question Time (or at 11am on a Friday). Statements normally relate to matters of policy or government actions. At the end of a statement, MPs can respond or question the government minister on its contents.