Written question asked by Nick Hurd (Conservative) on Wednesday, 18 November 2015, in the House of Commons. It was due for an answer on Friday, 20 November 2015. It was answered by Anna Soubry (Conservative) on Monday, 30 November 2015 on behalf of the Department for Business, Innovation and Skills.

Green Investment Bank: Privatisation

Question: To ask the Secretary of State for Business, Innovation and Skills, whether the privatisation of the Green Investment Bank will be by asset sale or as a going concern.

Answer: My right hon. Friend the Secretary of State for Business, Innovation and Skills’ written Ministerial Statements of 25 June and 15 October make clear that the Government is moving UK Green Investment Bank plc (GIB) into private ownership and repealing the GIB legislation so that, following a sale, GIB can continue to operate as a going concern and be reclassified to the private sector with the freedom to borrow and raise a much greater volume of private capital without affecting public sector debt.

Secondary information