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681277

registered interest
date	30/01/2017
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
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, Energy and Industrial Strategy, with reference to the contribution of the Minister for Climate Change and Industry of 11 January 2017, Official Report, column 320, what assessment he has made of the nature of the market failure that the Green Investment Bank was set up to rectify; and if he will publish that assessment.
tabling member constituency	Wakefield
tabling member printed	Mary Creagh
uin	62145
answer	answer is ministerial correction date of answer 07/02/2017 answer text <p>The Government set out the rationale for moving the Green Investment Bank (GIB) to the private sector in its policy statement “Future of UK Green Investment Bank plc” published on 18 November 2015, including the Government’s assessment of the role GIB has played in unlocking private investment in the green economy. The strong market interest in acquiring a stake in GIB since the sale process was launched on 3 March 2016 further demonstrates the positive impact GIB has had in the market.</p> answering member constituency Ruislip, Northwood and Pinner answering member printed Mr Nick Hurd question first answered 07/02/2017 15:17:09 answering member 1561 label Biography information for Mr Nick Hurd
tabling member	1579 label Biography information for Mary Creagh

681384

registered interest
date	30/01/2017
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
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, Energy and Industrial Strategy, pursuant to the Answer of 15 December 2016 to Question 57076, on the Green Investment Bank, how much of the £4.7 billion investment will be directed to low carbon innovation projects.
tabling member constituency	Birmingham, Selly Oak
tabling member printed	Steve McCabe
uin	62367
answer	answer is ministerial correction date of answer 07/02/2017 answer text <p>‘Building our Industrial Strategy’ published on 23 January, starts a consultation on how to invest this £4.7 billion worth of funding. It also consults on the technologies which the new Industrial Challenge Fund could support, which include smart and clean energy technologies.</p><p>This builds on earlier consultation by Innovate UK and the Research Councils on potential challenge areas for the Industrial Strategy Challenge Fund, initiated on 16 January. The Green Paper will help to further refine these choices, followed by further consultation by UK Research and Innovation when it come into being, subject to Parliamentary approval.</p> answering member constituency Ruislip, Northwood and Pinner answering member printed Mr Nick Hurd question first answered 07/02/2017 15:28:39 answering member 1561 label Biography information for Mr Nick Hurd
tabling member	298 label Biography information for Steve McCabe