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

To ask the Secretary of State for Business, Energy and Industrial Strategy, whether the £3.8 billion of public funding committed to the UK Green Investment Bank since its establishment in 2012, plus any profits made by the Government on its sale, will be reinvested in the UK low-carbon economy on completion of the sale of that bank.

The Government remains committed to the UK's Climate Change Act and the transition to clean energy. Climate change remains one of the most serious long-term risks to our economic and national security. We recently committed another £730 million of support for renewables in this Parliament and have reconfirmed the budget of £290m annual support for 15 years for ‘Pot 2’/less established technologies including offshore wind.

Any proceeds from a sale of the Green Investment Bank will be returned to the Exchequer.