Green Investment Bank

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

Alert me about debates like this

Photo of Gregg McClymont Gregg McClymont Labour, Cumbernauld, Kilsyth and Kirkintilloch East

To ask the Secretary of State for Business, Innovation and Skills whether the proceeds from the sale of High Speed 1 are to be used as start-up capital for his Department's proposed Green Investment Bank.

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

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.

Does this answer the above question?

Yes1 person thinks so

No1 person thinks not

Would you like to ask a question like this yourself? Use our Freedom of Information site.