Green Investment Bank

Department for Business, Innovation and Skills written question – answered on 3rd July 2015.

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Photo of Iain Wright Iain Wright Shadow Minister (Business, Innovation and Skills), Chair, Business, Innovation and Skills Committee

To ask the Secretary of State for Business, Innovation and Skills, with reference to his statement on 25 June 2015, HCWS54, whether the sale of the bank into private ownership will be undertaken using priority investors.

Photo of Anna Soubry Anna Soubry The Minister of State, Department for Business, Innovation and Skills

We will explore all options for a sale. Decisions will reflect the outcome we believe maximises value for the UK taxpayer. Our expectation is that interest in acquiring a stake in the Green Investment Bank will come from sophisticated, large scale institutional investors such as pension funds and sovereign wealth funds.

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