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47014

	registered interest
	date	04/04/2014
	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
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Business, Innovation and Skills, how much funding has been invested by the Green Investment Bank in the development of wood-based industries and technologies.
	tabling member constituency	Stirling
	tabling member printed	Mrs Anne McGuire
	uin	195346
	answer	answer is ministerial correction date of answer 09/04/2014 answer text <p>The Green Investment Bank (GIB) may invest only in specified green sectors. Its scope to finance projects involving wood based industries is limited to projects that use either waste wood recovered from landfill or wood pellets made from forestry management waste as biomass fuel to generate renewable energy. GIB has directly committed £12 million of debt finance to one project that uses waste wood to generate electricity and £100 million of finance towards the conversion of Drax power station to run partly on biomass fuel pellets rather than coal. In addition, the Bank has indirectly committed through its specialist fund managers £37 million of finance to projects that generate power from recovered waste wood and £21 million to projects that generate power from biomass pellets. Information about these and other GIB transactions to date can be found on the GIB website: <a href="http://www.greeninvestmentbank.com/" target="_blank">www.greeninvestmentbank.com</a>.</p> answering member constituency Sevenoaks answering member printed Michael Fallon question first answered 09/04/2014 12:00:00 answering member 88 label Biography information for Sir Michael Fallon
	tabling member	636 label Biography information for Dame Anne McGuire

47015

	registered interest
	date	04/04/2014
	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
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Business, Innovation and Skills, how much regional growth funding has been allocated to LEPs for wood-focused initiatives to create jobs in rural areas.
	tabling member constituency	Stirling
	tabling member printed	Mrs Anne McGuire
	uin	195352
	answer	answer is ministerial correction date of answer 09/04/2014 answer text <p>Agriculture is a restricted sector under State Aid rules, therefore regional growth funds cannot be allocated to Local Enterprise Partnerships for wood-focused initiatives.</p> answering member constituency Sevenoaks answering member printed Michael Fallon question first answered 09/04/2014 12:00:00 answering member 88 label Biography information for Sir Michael Fallon
	tabling member	636 label Biography information for Dame Anne McGuire