Stuart Blair Donaldson
Main Page: Stuart Blair Donaldson (Scottish National Party - West Aberdeenshire and Kincardine)(9 years, 1 month ago)
Commons ChamberMy 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.
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?
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.