Green Investment Bank:Written question - 57914

Q
(Brighton, Pavilion)
Asked on: 15 December 2016
Department for Business, Energy and Industrial Strategy
Green Investment Bank
Commons
To ask the Secretary of State for Business, Energy and Industrial Strategy, pursuant to the Answer of 28 November 2016 to Question 54604, if he will make it his policy to publish any commitments made by the new owners of the UK Green Investment Bank to the green purposes of the Bank.
A
Answered by: Mr Nick Hurd
Answered on: 22 December 2016

The Government has committed to lay a report before Parliament on the sale of the Green Investment Bank (GIB), as soon as reasonably practicable after a disposal of shares has taken place, and this is also a requirement in the Enterprise Act 2016.

This report must include an assessment of how the Government’s objectives for the disposal have been achieved. This includes commitments on maintaining GIB’s green values, and the special share to protect GIB’s green purposes in the future.

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