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

The below Parliamentary question was asked by Kevin Brennan on 2016-01-27.

To ask the Secretary of State for Business, Innovation and Skills, whether he has made an assessment of the projects with which the Green Investment Bank has been involved which would not have gone ahead without investment from that Bank.

Anna Soubry

One of the UK Green Investment Bank’s (GIB’s) objectives is to invest in green projects that would not go ahead, or would not go ahead as quickly, without investment from GIB. The majority of the projects GIB supports fall into this category.

Where GIB has invested in projects that are already operational, this has been for the purpose of building a secondary market for such assets which releases the funds of project developers to invest in new construction projects