Question

To ask the Secretary of State for Business, Innovation and Skills, pursuant to the Answer of 14 September 2015 to Question 8988, whether the Government has taken a decision on the funding of the Green Investment Bank's business activity in future years.

Government funding for the Green Investment Bank (GIB) for the 2016-17 period and beyond has now been announced as part of the current spending review. This is a good settlement for GIB and provides what GIB management wanted by allowing for 100% funding of GIB’s investments to the point of majority sale, assuming a sale in the next financial year.