Question

To ask the Secretary of State for Business, Innovation and Skills, with reference to his statement on 25 June 2015, HCWS54, whether the sale of the bank into private ownership will be undertaken using priority investors.

We will explore all options for a sale. Decisions will reflect the outcome we believe maximises value for the UK taxpayer. Our expectation is that interest in acquiring a stake in the Green Investment Bank will come from sophisticated, large scale institutional investors such as pension funds and sovereign wealth funds.