Question

To ask the Secretary of State for Business, Innovation and Skills, if he will ensure that the Green Investment Bank continues to pursue its principal objectives after its privatisation.

The Government is seeking to sell the Green Investment Bank (GIB) so it can grow and increase its impact in green sectors, free of the restrictions of being in the public sector.

GIB has over £2bn in existing and successful green investments, and employs seventy green sector specialists. This unique green specialism is what will attract investment from investors

As a key part of any sale discussions, the Government will be asking potential investors to confirm their commitment to GIB’s green values and investment principles and to set out how they propose to protect them.