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673636

registered interest
date	16/01/2017
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, on what date Shareholder Executive authorised the Green Investment Bank to set up OSW Co Holdings 1 Limited, Galloper Holdco Ltd, Rampion Holdco Limited, Rampion Investco Limited, OSW LP Holdco Limited, WMR Holdco Limited, Project G Holdings 1 Limited and Project G Holdco Limited.
tabling member constituency	Norwich South
tabling member printed	Clive Lewis
uin	60176
answer	answer is ministerial correction date of answer 19/01/2017 answer text <p>In November and December 2016 the Green Investment Bank (GIB) incorporated twelve new Special Purpose Vehicles (SPVs): Galloper Holdco Limited; OSW Co Holdings 1 Limited; OSW Co Holdings 2 Limited; OSW LP Holdco Limited; Project G Holdco Limited; Project G Holdings 1 Limited; Project G Holdings 2 Limited; Rampion Holdco Limited; WMR Holdco Limited; Rampion Investco Limited; New Green Interim Holdco Limited; and UK Green Investment Lyle Limited.</p><p>The SPV ‘UK Green Investment Lyle Limited’ was incorporated in the course of business-as-usual to support GIB’s investment in the Lincs offshore wind farm (publicly announced by GIB on 13 January 2017).</p><p>The remaining eleven SPVs were incorporated in order to facilitate the potential introduction of private capital in to a number of GIB’s offshore wind assets, following discussion between GIB and the UK Government. These entities are currently dormant and own no assets.</p> answering member constituency Ruislip, Northwood and Pinner answering member printed Mr Nick Hurd grouped question UIN 60177 question first answered 19/01/2017 17:15:44 answering member 1561 label Biography information for Mr Nick Hurd
tabling member	4500 label Biography information for Clive Lewis

673637

registered interest
date	16/01/2017
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, what level of ministerial clearance was required by Shareholder Executive to enable the Green Investment Bank to set up OSW Co Holdings 1 Limited, Galloper Holdco Ltd, Rampion Hold Co Limited, Rampion Investco Limited, OSW LP Hold Co Limited, WMR HoldCo Limited, Project G Holdings 1 Limited and Project G Holdco Limited.
tabling member constituency	Norwich South
tabling member printed	Clive Lewis
uin	60177
answer	answer is ministerial correction date of answer 19/01/2017 answer text <p>In November and December 2016 the Green Investment Bank (GIB) incorporated twelve new Special Purpose Vehicles (SPVs): Galloper Holdco Limited; OSW Co Holdings 1 Limited; OSW Co Holdings 2 Limited; OSW LP Holdco Limited; Project G Holdco Limited; Project G Holdings 1 Limited; Project G Holdings 2 Limited; Rampion Holdco Limited; WMR Holdco Limited; Rampion Investco Limited; New Green Interim Holdco Limited; and UK Green Investment Lyle Limited.</p><p>The SPV ‘UK Green Investment Lyle Limited’ was incorporated in the course of business-as-usual to support GIB’s investment in the Lincs offshore wind farm (publicly announced by GIB on 13 January 2017).</p><p>The remaining eleven SPVs were incorporated in order to facilitate the potential introduction of private capital in to a number of GIB’s offshore wind assets, following discussion between GIB and the UK Government. These entities are currently dormant and own no assets.</p> answering member constituency Ruislip, Northwood and Pinner answering member printed Mr Nick Hurd grouped question UIN 60176 question first answered 19/01/2017 17:15:44 answering member 1561 label Biography information for Mr Nick Hurd
tabling member	4500 label Biography information for Clive Lewis

672203

registered interest
date	12/01/2017
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, whether the Government's preferred bidder for the Green Investment Bank submitted the highest bid for that bank.
tabling member constituency	Brighton, Pavilion
tabling member printed	Caroline Lucas
uin	59863
answer	answer is ministerial correction date of answer 17/01/2017 answer text <p>One of the main objectives of the sale is to achieve value for money for the taxpayer. Decisions on the sale price of the Green Investment Bank is commercially confidential and will depend on the outcome of discussions with potential investors.</p><p> </p> answering member constituency Ruislip, Northwood and Pinner answering member printed Mr Nick Hurd question first answered 17/01/2017 16:39:43 answering member 1561 label Biography information for Mr Nick Hurd
tabling member	3930 label Biography information for Caroline Lucas

671901

registered interest
date	11/01/2017
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	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government whether they will include a provision in the sale agreement of the Green Investment Bank to require a clawback of all, or a significant part, of any disposal proceeds, and whether they intend to publish at the time of the sale the scale of such disposals they anticipate.
tabling member printed	Lord Myners
uin	HL4570
answer	answer is ministerial correction date of answer 23/01/2017 answer text <p>Details of the sale negotiations are commercially confidential.</p><p>Government will provide a full report to Parliament once a sale is completed which will set out the details of the sale and how our objectives (including value for money) were met.</p> answering member printed Lord Prior of Brampton question first answered 23/01/2017 12:20:57 answering member 127 label Biography information for Lord Prior of Brampton
tabling member	3869 label Biography information for Lord Myners

671902

registered interest
date	11/01/2017
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	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government who will advise them on the acceptability of the proceeds to be achieved by the sale of the Green Investment Bank; and what is the process by which the Secretary of State will establish his view on value after receiving this advice.
tabling member printed	Lord Myners
uin	HL4571
answer	answer is ministerial correction date of answer 23/01/2017 answer text <p>The sale of the Green Investment Bank (GIB) is being led by UK Government Investments, with advice from Bank of America Merrill Lynch and Herbert Smith Freehills. GIB and their advisors (UBS and Slaughter and May) are also providing significant and closely coordinated support.</p><p>The Government is following the National Audit Office’s recommendations on asset sales in carrying out the sale of shares in GIB, as set out in the document “Green Investment Bank: sale of shares” laid before Parliament on 3 March 2016.</p> answering member printed Lord Prior of Brampton question first answered 23/01/2017 12:19:53 answering member 127 label Biography information for Lord Prior of Brampton
tabling member	3869 label Biography information for Lord Myners