Kevin Brennan – 2016 Parliamentary Question to the Department for Business, Innovation and Skills
The below Parliamentary question was asked by Kevin Brennan on 2016-01-29.
To ask the Secretary of State for Business, Innovation and Skills, what mechanisms he plans to put in place to measure and monitor (a) value for money for the public purse and (b) the effect on the green economy of a privatised Green Investment Bank; and if he will report regularly to the House on those aspects.
Anna Soubry
Details of why the Government believes moving UK Green Investment Bank plc (GIB) into private ownership represents the best way to enable the company to deliver its ambitious green business plan and have a greater impact on green investment while minimising burdens on the UK taxpayer are provided in our November 2015 policy statement on the future of GIB and are further set out in the Government’s response to the Environmental Audit Committee’s report on the future of GIB which was laid in Parliament on 2 February. Both documents can be found on the GIB pages of the GOV.UK website.
The Government has committed to report to Parliament setting out our plans for a sale of GIB and will provide a further report following completion of a transaction and any subsequent transactions.
