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Written question asked by Mark Lazarowicz (Labour) on Tuesday, 30 March 2010, in the House of Commons. It was due for an answer on Tuesday, 6 April 2010. It was answered by Sarah McCarthy-Fry (Labour) on Thursday, 8 April 2010 on behalf of the Treasury.


Green Investment Bank

Question
To ask Mr Chancellor of the Exchequer, whether community-based social enterprises will be eligible for investment from the Green Investment Bank announced in Budget 2010.
Answer

The Green Investment bank (GIB) will specifically address the risk of an emerging gap in the provision of equity capital to large, complex infrastructure projects within the next few years. It is likely the initial focus of the GIB will be on offshore wind generation. however, it will also consider the case for investing on other infrastructure as appropriate as investment needs arise. Infrastructure UK will be consulting on the establishment of the GIB in the summer.


Secondary information

Type
Written question
Reference
508 (Not in Daily Part);508 c1601-2W; 325812
Session
2009-10
Registered interest declared
Yes
Notes
Not in Daily Part
Subjects
Green Investment Bank
Link
View this Written question on www.publications.parliament.uk