Green Investment Bank Debate

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Green Investment Bank

Tom Greatrex Excerpts
Tuesday 24th May 2011

(13 years ago)

Commons Chamber
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Vince Cable Portrait Vince Cable
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My right hon. Friend is absolutely right to sketch out the scale of what green industries are and can become. We estimate that some 800,000 people, perhaps more, are already employed directly in green economy-related activities, and I understand that that will expand substantially. I hope later this week, in a more wide-ranging comment, to add some more information for his purposes.

Tom Greatrex Portrait Tom Greatrex (Rutherglen and Hamilton West) (Lab/Co-op)
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Is it still the Government’s intention that the fossil fuel levy money sitting in a bank account in Scotland will be rolled into the green investment bank?

Vince Cable Portrait Vince Cable
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I did not follow fully where the hon. Gentleman was going, but, no, as I understand it that is not the intention. The £3 billion contribution from the Government is not tied to any specific source.