Oral Answers to Questions Debate

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Oral Answers to Questions

Stuart Blair Donaldson Excerpts
Thursday 19th November 2015

(9 years, 1 month ago)

Commons Chamber
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Amber Rudd Portrait Amber Rudd
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My hon. Friend has raised an important point. It would indeed be a good idea for us to work more closely with the DWP to ensure that more vulnerable people are told about the opportunities that they might be missing, and I shall take the matter up with my right hon. Friend the Secretary of State for Work and Pensions.

Stuart Blair Donaldson Portrait Stuart Blair Donaldson (West Aberdeenshire and Kincardine) (SNP)
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T5. As the Government move the UK Green Investment Bank into private ownership, will the Secretary of State give us a clear assurance that the Government will deliver the full £3.8 billion of capitalisation that was initially pledged to the bank, so that it can continue to invest meaningfully in our green economy?

Amber Rudd Portrait Amber Rudd
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We are rightly proud of the Green Investment Bank. It is the first bank to be set up by a Government in this way, and it has played a leading role in supporting renewable energy development. I am excited about the prospect of its moving out of public ownership, raising money, and going into, as it were, the public arena. I hope that it will then provide an opportunity for more investment. As for the hon. Gentleman’s specific question, I shall have to come back to him with a detailed answer.