Green Investment Bank

(asked on 17th January 2017) - View Source

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

To ask the Secretary of State for Business, Energy and Industrial Strategy, whether the trustees of the special share company of the Green Investment Bank will authorise individual investment proposals.


Answered by
Nick Hurd Portrait
Nick Hurd
This question was answered on 24th January 2017

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.

The special share will be held by an independent company – the Green Purposes Company Limited, with trustees who have been selected independently of Government and of GIB. The independent trustees will have the right to approve or reject any proposed change to the green purposes of GIB, as set out in the company’s Articles of Association, if such a change were ever proposed.

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