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answer › question first answered	2015-11-30T14:16:21.617Z
tabling member › label	Biography information for Kevin Brennan
min date	2015-09-11
answer › answering member › label	Biography information for Anna Soubry
max answer › date of answer	2017-07-03

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registered interest

date

exactly:

or between:
and

answering body

answering dept id

answering dept short name

answering dept sort name

hansard heading

house id

legislature


pref label

question text

tabling member constituency

tabling member printed

uin

answer

is ministerial correction

date of answer

exactly:

or between:
and

answer text

answering member constituency

answering member printed

question first answered

answering member


label

tabling member


label

424847

registered interest

date

29/10/2015

answering body

Department for Business, Innovation and Skills

answering dept id

answering dept short name

Business, Innovation and Skills

answering dept sort name

Business, Innovation and Skills

hansard heading

Green Investment Bank: Privatisation

house id

legislature

25259

pref label	House of Commons

question text

To ask the Secretary of State for Business, Innovation and Skills, what ability the Government plans to retain to ensure that the Green Investment Bank operates according to its original purposes after that body's privatisation.

tabling member constituency

Cardiff West

tabling member printed

Kevin Brennan

uin

14108

answer

is ministerial correction

date of answer

30/11/2015

answer text

Green investment is what the Green Investment Bank (GIB) does and is where its value lies. It is clear from preliminary feedback that potential investors are interested in GIB precisely because of its unique green specialism and its existing forward business plan and pipeline of green projects. Investors will have sound commercial reasons to maintain GIB’s green focus and continue operating in accordance with its clearly stated green principles and highly transparent and robust green reporting practices.As a key part of any sale discussions, potential investors will be asked to confirm their commitment to these values and to set out how they propose to protect them. We envisage this would involve new shareholders agreeing to:<ul><li>ensure GIB continues to invest in a way that achieves a positive green impact; and</li><li>maintain GIB’s existing standards for reporting on its green investment performance as well as continue providing for independent assurance of this.</li></ul>It is important to understand Government could not impose binding conditions on future owners of GIB to act in a particular way while also securing our key objective of removing state control over GIB so it can be reclassified to the private sector.

answering member constituency

Broxtowe

answering member printed

Anna Soubry

question first answered

30/11/2015 14:16:21

answering member

3938

label	Biography information for Anna Soubry

tabling member

1400

label	Biography information for Kevin Brennan