Question

To ask the Secretary of State for Business, Innovation and Skills, with reference to his statement on 25 June 2015, HCWS54 on the Green Investment Bank, what the intended timescale is for moving the bank into private ownership.

Timing of a sale is dependent on the outcome of discussions with potential investors. We are keen to make progress but would not want to commit to a particular timetable at this stage. We need the flexibility to do a deal when we are satisfied the time and the terms are right. We will only proceed once satisfied we are able to achieve best value for money for the taxpayer.