Department for Business, Innovation and Skills written question – answered at on 14 September 2015.
Matthew Pennycook
Labour, Greenwich and Woolwich
To ask the Secretary of State for Business, Innovation and Skills, what assessment he has made of the potential effect of the sale of the Government's majority stake in the Green Investment Bank on the level of investments made by that bank.
Anna Soubry
The Minister of State, Department for Business, Innovation and Skills
Attracting private sector owners in to the Green Investment Bank (GIB) will enable the company to grow its business, giving the GIB access to a much greater volume of capital than would be the case if GIB were to remain in 100% Government ownership, including allowing it to borrow.
This will enable the company to have the greatest possible impact and should lead to more green projects getting financed more quickly than would otherwise be the case.
Yes0 people think so
No0 people think not
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