Kevin Brennan – 2015 Parliamentary Question to the Department for Business, Innovation and Skills

The below Parliamentary question was asked by Kevin Brennan on 2015-10-29.

To ask the Secretary of State for Business, Innovation and Skills, what plans his Department has for the £1.8 billion of uncommitted Green Investment Bank funds following privatisation of that bank.

Anna Soubry

The Government allocated up to £3.8 billion of funds to Green Investment Bank (GIB) for investment in the period to March 2016. To date, GIB has made commitments totalling £2.1billion. Government will fund these and any further commitments GIB enters into during the current year to March 2016.

GIB’s funding needs for the year 2016/17 are being considered as part of the current spending review and the outcome will be announced later in the year.