Green Investment Bank Debate

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Green Investment Bank

Andrew Bridgen Excerpts
Tuesday 24th May 2011

(12 years, 12 months ago)

Commons Chamber
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John Bercow Portrait Mr Speaker
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Order. The hon. Gentleman will resume his seat. [Interruption.] Order. We are pressed for time, and questions are about the policy of the Government, not of the Opposition. I have made the point several times; I would have thought that the hon. Gentleman had heard it by now.

Andrew Bridgen Portrait Andrew Bridgen (North West Leicestershire) (Con)
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Historically, whatever services the Government decide to offer, the private sector tends to withdraw from them, so what steps is the Secretary of State taking to ensure that the green investment bank complements private sector investment in green technologies and does not merely replace it?

Vince Cable Portrait Vince Cable
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The bank will not replace such investment. The whole purpose of our extensive market analysis has been to identify the areas where the private sector is not investing and will not invest. The advisory committee is being established, we have appointed the chairman, and it will give us much more specific guidance on how to get the right balance between the commercial and environmental criteria.