Business, Innovation and Skills written question – answered at on 12 November 2010.
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.
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.
Yes1 person thinks so
No1 person thinks not
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