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Written question asked by Joan Walley (Labour) on Wednesday, 18 March 2015, in the House of Commons. It was due for an answer on Friday, 20 March 2015. It was answered by David Gauke (Conservative) on Thursday, 26 March 2015 on behalf of the Treasury.


Green Investment Bank

Question

To ask Mr Chancellor of the Exchequer, by what date does he plan to grant the Green Investment Bank powers to borrow from the private capital markets.

Answer

The Green Investment Bank (GIB) has a budget of £3.8bn and there is no immediate need for the bank to borrow.

As set out in ‘investing in Britain’s future’, the GIB has the power to borrow from the NLF if desired.


Secondary information

Type
Written question
Reference
228182
Session
2014-15
Subjects
Green Investment Bank
Link
View this Written question on www.parliament.uk