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 protect the focus of the Green Investment Bank on green investment after the planned privatisation of that 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, the Government has asked potential investors to confirm their commitment to GIB’s green values and investment principles and how they propose to protect them, as part of their bids for the company. In addition, the Government has approved the creation of a special share to protect GIB’s green purposes in future.