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387388

registered interest
date	02/07/2015
answering body	Department for Business, Innovation and Skills
answering dept id	26
answering dept short name	Business, Innovation and Skills
answering dept sort name	Business, Innovation and Skills
hansard heading	Green Investment Bank
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Innovation and Skills, which firms are (a) advising the Government on the sale and (b) involved in the sale process of the Green Investment Bank; and what fees, including discretionary fees, are being paid as part of this process.
tabling member constituency	Streatham
tabling member printed	Mr Chuka Umunna
uin	5370
answer	answer is ministerial correction date of answer 08/07/2015 answer text <p>My Department is receiving financial advice on the proposed transaction from Bank of America Merrill Lynch (BAML) and Herbert Smith Freehills are providing legal advice. UK Green Investment Bank plc (GIB) is separately receiving its own financial advice from UBS and legal advice from Slaughter &amp; May.</p><p> </p><p> </p><p> </p><p>The fees to be paid to these advisers are commercially confidential.</p><p> </p><p><strong> </strong></p><p> </p> answering member constituency Broxtowe answering member printed Anna Soubry question first answered 08/07/2015 15:25:26 answering member 3938 label Biography information for Anna Soubry
tabling member	4128 label Biography information for Chuka Umunna

387389

registered interest
date	02/07/2015
answering body	Department for Business, Innovation and Skills
answering dept id	26
answering dept short name	Business, Innovation and Skills
answering dept sort name	Business, Innovation and Skills
hansard heading	Green Investment Bank
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Innovation and Skills, what objectives he has set for the sale of the Green Investment Bank.
tabling member constituency	Streatham
tabling member printed	Mr Chuka Umunna
uin	5371
answer	answer is ministerial correction date of answer 08/07/2015 answer text <p>The objective is to ensure that any sale will deliver value for money for the taxpayer and enable the Green Investment Bank to increase its impact across the green economy by broadening its investment mandate and increasing the amount and proportion of private capital mobilised.</p><p> </p> answering member constituency Broxtowe answering member printed Anna Soubry question first answered 08/07/2015 15:26:52 answering member 3938 label Biography information for Anna Soubry
tabling member	4128 label Biography information for Chuka Umunna

387390

registered interest
date	02/07/2015
answering body	Department for Business, Innovation and Skills
answering dept id	26
answering dept short name	Business, Innovation and Skills
answering dept sort name	Business, Innovation and Skills
hansard heading	Green Investment Bank
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Innovation and Skills, what proportion of the Green Investment Bank the Government plans to sell; and what deadlines, milestones or schedules his Department has set as part of this process.
tabling member constituency	Streatham
tabling member printed	Mr Chuka Umunna
uin	5372
answer	answer is ministerial correction date of answer 08/07/2015 answer text <p><strong> </strong></p><p> </p><p>Decisions about the size of stake to be sold will depend on the outcome of discussions with potential investors and will be driven by what best achieves value for money for the UK taxpayer. Our aim is that a majority of shares in UK Green Investment Bank plc would come to be held by private investors.</p><p> </p><p> </p><p> </p><p>On timing, we are keen to make progress but would not want to commit to a particular timetable at this stage. We need the flexibility to do a deal when we are satisfied the time and the terms are right. Timing of a sale is dependent on the outcome of discussions with potential investors. We will only proceed once satisfied we are able to achieve best value for money for the taxpayer.</p><p> </p><p><strong> </strong></p><p> </p> answering member constituency Broxtowe answering member printed Anna Soubry question first answered 08/07/2015 15:28:29 answering member 3938 label Biography information for Anna Soubry
tabling member	4128 label Biography information for Chuka Umunna

387391

registered interest
date	02/07/2015
answering body	Department for Business, Innovation and Skills
answering dept id	26
answering dept short name	Business, Innovation and Skills
answering dept sort name	Business, Innovation and Skills
hansard heading	Green Investment Bank
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Innovation and Skills, how many staff (a) from his Department or his Department's executive agencies, (b) from other Government departments and (c) who are secondees are working on the sale of the Green Investment Bank.
tabling member constituency	Streatham
tabling member printed	Mr Chuka Umunna
uin	5373
answer	answer is ministerial correction date of answer 08/07/2015 answer text <p><strong> </strong></p><p> </p><p>The project is being led by the Shareholder Executive within the Department for Business Innovation and Skills (BIS).</p><p> </p><p> </p><p> </p><p>There is a core team of around 10 officials within BIS who work on the sale of the Green Investment Bank, amongst other duties. The team liaise with officials in other Government departments such as Her Majesty’s Treasury (HMT) and the Department of Energy and Climate Change (DECC) as necessary.</p><p> </p><p> </p><p> </p><p>There are currently no secondees on the team.</p><p> </p><p><strong> </strong></p><p> </p> answering member constituency Broxtowe answering member printed Anna Soubry question first answered 08/07/2015 15:29:46 answering member 3938 label Biography information for Anna Soubry
tabling member	4128 label Biography information for Chuka Umunna

387392

registered interest
date	02/07/2015
answering body	Department for Business, Innovation and Skills
answering dept id	26
answering dept short name	Business, Innovation and Skills
answering dept sort name	Business, Innovation and Skills
hansard heading	Royal Mail
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Innovation and Skills, how many shares in Royal Mail of what value were sold to which institutions in June 2015.
tabling member constituency	Streatham
tabling member printed	Mr Chuka Umunna
uin	5374
answer	answer is ministerial correction date of answer 08/07/2015 answer text <p>It is not market practice to disclose the names of the investors who buy shares in transactions such as an accelerated bookbuild - which was the method of sale used on this occasion.</p><p> </p> answering member constituency Broxtowe answering member printed Anna Soubry question first answered 08/07/2015 15:30:56 answering member 3938 label Biography information for Anna Soubry
tabling member	4128 label Biography information for Chuka Umunna

386498

registered interest
date	30/06/2015
answering body	Department for Business, Innovation and Skills
answering dept id	26
answering dept short name	Business, Innovation and Skills
answering dept sort name	Business, Innovation and Skills
hansard heading	Chambers of Commerce
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Innovation and Skills, what plans his Department has to increase the role of Accredited Chambers of Commerce in supporting UK exporters.
tabling member constituency	Central Suffolk and North Ipswich
tabling member printed	Dr Poulter
uin	4849
answer	answer is ministerial correction date of answer 08/07/2015 answer text <p>UK Trade and Investment (UKTI) works extensively with accredited Chambers of Commerce. The delivery of UKTI trade services in England is contracted to Chamber or Chamber related organisations in 5 (of 9) regions. In all regions UKTI works closely with Chambers on a wide range of trade delivery activity. In addition, UKTI has a non-exclusive Memorandum of Understanding in place with the British Chambers of Commerce (BCC) for issuing non-preferential Certificates of Origin. Those arrangements generate millions of pounds of revenue for the accredited Chamber network.</p><p> </p><p>Under the Overseas Business Networks initiative (OBNi) Government has invested more than £20m since 2013 in a partnership with the British Chambers of Commerce to increase Chamber-led delivery of trade support overseas. Chamber delivery partners have delivered more than 20,000 high-quality company interventions in 2014. Government continues to work with the BCC to accredit overseas delivery partners, and the BCC will deliver a series of global conferences under contract this year.</p> answering member constituency Broxtowe answering member printed Anna Soubry question first answered 08/07/2015 13:33:22 answering member 3938 label Biography information for Anna Soubry
tabling member	3932 label Biography information for Dr Dan Poulter

386501

registered interest
date	30/06/2015
answering body	Department for Business, Innovation and Skills
answering dept id	26
answering dept short name	Business, Innovation and Skills
answering dept sort name	Business, Innovation and Skills
hansard heading	Apprentices: National Vocational Qualifications
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Innovation and Skills, what estimate he has made of the number of apprentices achieving a Level 2 NVQ who continue as apprentices to undertake further Level 2 qualifications with (a) the same and (b) a different employer.
tabling member constituency	Stockton North
tabling member printed	Alex Cunningham
uin	4833
answer	answer is ministerial correction date of answer 08/07/2015 answer text <p>This information is not collected.</p><p>However, the <em>2014 Apprenticeships Evaluation: Learners survey</em> found that nine in ten of all apprenticeship completers (88%) were in either full or part-time employment; only six per cent of completers were unemployed and a further two per cent were in education or training, and two per cent were self-employed.</p><p>The 2014 Apprenticeship Evaluation: Learners survey report can be found online: <a href="https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/387662/bis-14-1208-Apprenticeships-Evaluation-Learners-December-2014.pdf" target="_blank">https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/387662/bis-14-1208-Apprenticeships-Evaluation-Learners-December-2014.pdf</a></p> answering member constituency Grantham and Stamford answering member printed Nick Boles grouped question UIN 4834 question first answered 08/07/2015 10:19:31 answering member 3995 label Biography information for Nick Boles
tabling member	4122 label Biography information for Alex Cunningham

386502

registered interest
date	30/06/2015
answering body	Department for Business, Innovation and Skills
answering dept id	26
answering dept short name	Business, Innovation and Skills
answering dept sort name	Business, Innovation and Skills
hansard heading	Department of Business Innovation and Skills: Public Appointments
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Innovation and Skills, if he will place in the Library a list of all public appointments made by his Department between 1 January 2015 and 1 May 2015.
tabling member constituency	Barking
tabling member printed	Margaret Hodge
uin	4959
answer	answer is ministerial correction date of answer 08/07/2015 answer text <p /> <p>Under the Code of Practice for Ministerial Appointments to Public Bodies April 2012, government departments are required to publicise successful appointments.</p><p> </p><p>Government departments will usually publish this information on GOV.UK <a href="http://www.gov.uk/" target="_blank">www.gov.uk</a> or the appointing body’s website, depending upon the profile and nature of the appointment.</p> answering member constituency Broxtowe answering member printed Anna Soubry question first answered 08/07/2015 11:20:39 answering member 3938 label Biography information for Anna Soubry
tabling member	140 label Biography information for Dame Margaret Hodge

386503

registered interest
date	30/06/2015
answering body	Department for Business, Innovation and Skills
answering dept id	26
answering dept short name	Business, Innovation and Skills
answering dept sort name	Business, Innovation and Skills
hansard heading	Apprentices: National Vocational Qualifications
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Innovation and Skills, what estimate he has made of the number of apprentices achieving a Level 2 NVQ who do not obtain employment at the end of their apprenticeship.
tabling member constituency	Stockton North
tabling member printed	Alex Cunningham
uin	4834
answer	answer is ministerial correction date of answer 08/07/2015 answer text <p>This information is not collected.</p><p>However, the <em>2014 Apprenticeships Evaluation: Learners survey</em> found that nine in ten of all apprenticeship completers (88%) were in either full or part-time employment; only six per cent of completers were unemployed and a further two per cent were in education or training, and two per cent were self-employed.</p><p>The 2014 Apprenticeship Evaluation: Learners survey report can be found online: <a href="https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/387662/bis-14-1208-Apprenticeships-Evaluation-Learners-December-2014.pdf" target="_blank">https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/387662/bis-14-1208-Apprenticeships-Evaluation-Learners-December-2014.pdf</a></p> answering member constituency Grantham and Stamford answering member printed Nick Boles grouped question UIN 4833 question first answered 08/07/2015 10:19:31 answering member 3995 label Biography information for Nick Boles
tabling member	4122 label Biography information for Alex Cunningham

386505

registered interest
date	30/06/2015
answering body	Department for Business, Innovation and Skills
answering dept id	26
answering dept short name	Business, Innovation and Skills
answering dept sort name	Business, Innovation and Skills
hansard heading	National Vocational Qualifications
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Innovation and Skills, what support his Department has made available to employers to ensure that young people who complete a Level 2 NVQ are able to progress to a higher level qualification; and if he will make a statement.
tabling member constituency	Stockton North
tabling member printed	Alex Cunningham
uin	4774
answer	answer is ministerial correction date of answer 08/07/2015 answer text <p>Support and funding for young people to complete higher level qualifications after acquiring level 2 qualifications is aimed at the individual not the employer. Although under the Apprenticeships Grant for Employers, eligible employers can receive an incentive of £1500 for each new apprentice they take on and train.</p><p> </p><p>Apprenticeships are our top priority for skills and we are committed to 3m starts over the next 5 years. Apprenticeships are jobs with training from level 2 to level 7 and we are aiming to achieve more higher and degree level apprenticeships, having made additional funding available to support that.</p><p> </p><p>We are also establishing National Colleges to deliver high level skills training, predominantly at levels 4 and 5, in sectors that are critical to economic growth where there are recognised skills gaps.</p><p> </p><p>We are supporting adult learners aged 19-23 (inclusive) by fully funding all first qualifications up to a full level 3.</p><p> </p><p>Learners aged 24 and above studying at Level 3 and 4 can access loan support to help meet up-front fees, removing one of the main barriers to learning.</p> answering member constituency Grantham and Stamford answering member printed Nick Boles grouped question UIN 4773 question first answered 08/07/2015 10:20:55 answering member 3995 label Biography information for Nick Boles
tabling member	4122 label Biography information for Alex Cunningham