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

The below Parliamentary question was asked by Kevin Brennan on 2016-01-14.

To ask the Secretary of State for Business, Innovation and Skills, pursuant to the Answer of 30 November 2015 to Question 14108, which projects are part of the Green Investment Bank’s forward business plan; what the (a) stage of completion and (b) amount of funding given is for each of those projects; and what guarantees are in place to ensure that these schemes are completed by any new owners of the Green Investment Bank.

Anna Soubry

Potential investment opportunities identified in the forward business plan of UK Green Investment Bank (GIB), and the company’s estimates of what level of financing it might commit to these, are commercially sensitive matters and are not made public. Potential investors in GIB will be invited to consider the company’s business plan in accordance with appropriate confidentiality agreements.

Irrespective of whether GIB remains in Government ownership or is moved into the private sector, there is no way to guarantee that any of the projects identified in GIB’s business plan will in fact proceed nor any certainty that GIB will be involved in their financing if they do – they remain only potential investment opportunities.

Details of the commitments GIB has entered into to date can be found on the company’s website at: http://www.greeninvestmentbank.com/our-investments/.

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