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 on the Green Investment Bank, whether existing staff and directors at the bank will be (a) gifted and (b) permitted to purchase shares in that Bank.

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

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. Detailed matters like employee share schemes will need to be considered as part of the transaction and will depend in part on the views of investors.

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