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, what plans his Department has to ensure that a privatised Green Investment Bank will support the UK’s cities, regions and nations in creating robust low carbon economies.

Anna Soubry

The Green Investment Bank (GIB) can best contribute to UK green policy objectives by doing what it does best – achieving the demonstration effect and mobilising much needed private capital into green sectors.

GIB will continue to perform that role in private ownership – getting more investment into green sectors that are relatively mature but nevertheless suffer from a lack of investment

In private hands, GIB will have access to much more capital than if it remained in Government hands – and will be able to have a bigger impact.