Green Investment Bank: Privatisation
(asked on 29th October 2015) - View Source
Question
To ask the Secretary of State for Business, Innovation and Skills, what plans his Department has for the £1.8 billion of uncommitted Green Investment Bank funds following privatisation of that bank.
This question was answered on 4th November 2015
The Government allocated up to £3.8 billion of funds to Green Investment Bank (GIB) for investment in the period to March 2016. To date, GIB has made commitments totalling £2.1billion. Government will fund these and any further commitments GIB enters into during the current year to March 2016.
GIB’s funding needs for the year 2016/17 are being considered as part of the current spending review and the outcome will be announced later in the year.