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

To ask the Secretary of State for Business, Energy and Industrial Strategy, what safeguards his Department has put in place to prevent the immediate sale of assets by a new owner of the Green Investment Bank after its planned privatisation.

The Government has been clear that one of the reasons we are moving the Green Investment Bank (GIB) into the private sector is to enable the business grow and continue as an institution supporting investment in the UK green economy.

GIB is being sold as a going concern and potential investors will be buying into the company’s green business plan and forward pipeline of projects.