Question to the HM Treasury:

To ask the Chancellor of the Exchequer, pursuant to the Answer of 23 July 2025 to Question 68763 on Alcoholic Drinks, for what reason domestic alcohol production is excluded from green bonds.

All eligible policies financed by the Green Financing Programme are drawn from policies agreed by HM Treasury and departments in the Spending Review. These policies are assessed based on their contribution to the government’s climate and environmental objectives.

The Framework excludes financing of the direct manufacture of alcoholic beverages, alongside other named exclusions, in line with international convention and investor expectations for green bond frameworks. This approach enables the UK’s green gilts to be accessible to the greatest possible pool of investors, improving value-for-money.