Kevin Brennan – 2016 Parliamentary Question to the Department for Business, Innovation and Skills

The below Parliamentary question was asked by Kevin Brennan on 2016-01-20.

To ask the Secretary of State for Business, Innovation and Skills, what the timescale is for privatisation of the Green Investment Bank; and whether he has made contingency plans to extend that timescale in the event of adverse market conditions.

Anna Soubry

The Government has previously stated that it is seeking to sell a majority stake in the Green Investment Bank (GIB) in the financial year 2016/17.

Strong market interest currently exists for the GIB and we expect this timetable to be successfully met. Any extension would be considered nearer to the end of that timetable, should it be required.