Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, what stake the Government plans to retain in the Green Investment Bank.

The Government has set out its plans for the sale of the Green Investment Bank (GIB) in the document “Green Investment Bank: sale of shares” laid before Parliament on 3 March 2016.

As stated in that document, Government intends to sell a majority of GIB, with the final size of the stake in GIB to be sold depending on the outcome of confidential commercial discussions with investors and driven by what best achieves our objectives for the sale, particularly ensuring value for money for the taxpayer.