Question

To ask the Secretary of State for Business, Innovation and Skills, what assessment he has made of the potential effect of the privatisation of the Green Investment Bank on the level of investment it will make in the UK green economy.

The privatisation of the Green Investment Bank will allow the company to increase its investments in the UK green economy. It will be able to raise more capital free from being on the Government balance sheet. It will also be free from State Aid restrictions on the green investments it can make.