Green Investment Bank

Business, Innovation and Skills written question – answered on 12th November 2010.

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Photo of Kerry McCarthy Kerry McCarthy Shadow Minister (Treasury)

To ask the Secretary of State for Business, Innovation and Skills how much funding from the sale of Government assets he expects to be allocated to the proposed Green Investment Bank.

Photo of Mark Prisk Mark Prisk The Minister of State, Department for Business, Innovation and Skills

holding answer 11 November 2010

We are unable to provide commercially sensitive information on expected proceeds from individual asset sales at this stage. However, at an aggregate level, the Government are confident that the asset sales they are considering will be sufficient to provide significant additional funding above the £1 billion allocated to the Green Investment Bank from departmental budgets. They will make further announcements on this funding stream in due course.

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