Iain Wright – 2014 Parliamentary Question to the Department for Business, Innovation and Skills

The below Parliamentary question was asked by Iain Wright on 2014-06-11.

To ask the Secretary of State for Business, Innovation and Skills, with reference to the Written Statement of 11 June 2014, Official Report, column 47WS, on UK Green Investment Bank, whether the UK Green Investment Bank will be able to invest in green projects overseas.

Michael Fallon

The proposal is that the Green Investment Bank might help to invest funds allocated to the International Climate Fund in green projects in developing economies overseas. The £3.8bn that has been allocated to GIB remains available solely for investment within the UK.