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446979

registered interest
date	22/01/2016
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: Privatisation
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 any document which provide an evidential basis for the Government's decision to privatise the Green Investment Bank.
tabling member constituency	Cardiff West
tabling member printed	Kevin Brennan
uin	23730
answer	answer is ministerial correction date of answer 27/01/2016 answer text The background to the Government’s decision to introduce private capital into the Green Investment Bank (GIB) can be found in the policy document entitled “Future of the Green Investment Bank plc” that was published on 18 November on GOV.UK. In addition to this, the Government has also introduced provisions to the Enterprise Bill which require a report to be laid before Parliament once a decision to undertake a sale has been made. The report must set out the type of sale, the expected timescale, and the Government’s objectives for the sale. answering member constituency Broxtowe answering member printed Anna Soubry question first answered 27/01/2016 17:09:08 answering member 3938 label Biography information for Anna Soubry
tabling member	1400 label Biography information for Kevin Brennan

446982

registered interest
date	22/01/2016
answering body	Department for Energy and Climate Change
answering dept id	63
answering dept short name	Energy and Climate Change
answering dept sort name	Energy and Climate Change
hansard heading	Renewable Energy: Investment
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Energy and Climate Change, what assessment she has made of the effect of recent changes to wind and solar power regulations on investor confidence in the green economy.
tabling member constituency	Cardiff West
tabling member printed	Kevin Brennan
uin	23760
answer	answer is ministerial correction date of answer 27/01/2016 answer text <p>DECC is committed to providing investors with certainty and recognises the importance of the financial markets in the energy sector. We are engaging regularly with developers and investors on how policy decisions impact their investments, both present and future.</p><br /><p>In order to protect investor confidence, DECC has made it clear that no onshore wind or solar projects already accredited and that have started to receive support under subsidy schemes will be affected by the recent regulatory changes. We have provided grace periods and exceptions to the removal of grandfathering to protect those who have already made significant financial commitments or who experience grid delays.</p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 27/01/2016 14:01:33 answering member 4117 label Biography information for Andrea Leadsom
tabling member	1400 label Biography information for Kevin Brennan

446702

registered interest
date	21/01/2016
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	Iron and Steel: Antidumping
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Innovation and Skills, what progress the Government has made in negotiating with its EU partners about developing anti-dumping measures covering steel imports.
tabling member constituency	Cardiff West
tabling member printed	Kevin Brennan
uin	23534
answer	answer is ministerial correction date of answer 27/01/2016 answer text <p>The EU’s anti-dumping procedures are driven by requests from EU producers to the European Commission. The Commission is responsible for considering requests for and, if appropriate, opening anti-dumping investigations. My International Comparisons working group agreed to work closely with the steel industry on supporting cases where they provide evidence of dumping, as we did with Celsa Steel and rebar last year.</p><br /><p>The Government is strongly in favour of effective trade defences to tackle unfair trade practices. The Government voted in favour of anti-dumping measures on steel products in July and November and it was the UK that lobbied successfully for an investigation into rebar. The Government secured agreement on the need for fast and effective action at an EU level and a robust dialogue with China and other producer countries at the Extraordinary Competitiveness Council in November. We have pressed the Commission to consider ways of speeding up investigations and recently wrote to the Commission with specific proposals. We will be attending a summit meeting on 15 February to push for further progress. Recent announcements by the EU on registration measures for cold rolled strip and rebar show they have listened and are taking swifter action.</p> answering member constituency Broxtowe answering member printed Anna Soubry question first answered 27/01/2016 16:52:52 answering member 3938 label Biography information for Anna Soubry
tabling member	1400 label Biography information for Kevin Brennan

446705

registered interest
date	21/01/2016
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: Privatisation
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Innovation and Skills, whether the Government's proposal to sell the Green Investment Bank (GIB) will include provision for the (a) sale of all GIB assets and (b) future of the GIB team.
tabling member constituency	Cardiff West
tabling member printed	Kevin Brennan
uin	23550
answer	answer is ministerial correction date of answer 26/01/2016 answer text <p><strong></strong></p><p><strong></strong></p><p>It is the Department’s intention to sell GIB as a going concern. The assets and staff are an inherent part of that company.</p><p><strong></strong></p> answering member constituency Broxtowe answering member printed Anna Soubry question first answered 26/01/2016 16:31:07 answering member 3938 label Biography information for Anna Soubry
tabling member	1400 label Biography information for Kevin Brennan

446706

registered interest
date	21/01/2016
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 consultation process took place in respect of the (a) establishment and (b) proposed privatisation of the Green Investment Bank.
tabling member constituency	Cardiff West
tabling member printed	Kevin Brennan
uin	23551
answer	answer is ministerial correction date of answer 26/01/2016 answer text <p><strong></strong></p><p>The answers to the hon. Member’s questions can be found in the policy document entitled “Future of the Green Investment Bank plc” that was published on 18 November on GOV.UK:</p><p><a href="https://www.gov.uk/government/publications/green-investment-bank-the-future" target="_blank">https://www.gov.uk/government/publications/green-investment-bank-the-future</a></p><br /> answering member constituency Broxtowe answering member printed Anna Soubry question first answered 26/01/2016 16:33:44 answering member 3938 label Biography information for Anna Soubry
tabling member	1400 label Biography information for Kevin Brennan

446716

registered interest
date	21/01/2016
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: Privatisation
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Innovation and Skills, pursuant to the Answer of 19 January 2016 to Question 22689, when his Department plans to report to Parliament its detailed plans for the sale of the Green Investment Bank.
tabling member constituency	Cardiff West
tabling member printed	Kevin Brennan
uin	23623
answer	answer is ministerial correction date of answer 26/01/2016 answer text <p><strong></strong></p><p><strong></strong></p><p>The Government has introduced provisions to the Enterprise Bill which require a report to be laid before Parliament once a decision to undertake a sale has been made. The report must set out the type of sale, the expected timescale, and the Government’s objectives for the sale.</p><p><strong></strong></p><br /> answering member constituency Broxtowe answering member printed Anna Soubry question first answered 26/01/2016 16:46:46 answering member 3938 label Biography information for Anna Soubry
tabling member	1400 label Biography information for Kevin Brennan

446199

registered interest
date	20/01/2016
answering body	Department for Energy and Climate Change
answering dept id	63
answering dept short name	Energy and Climate Change
answering dept sort name	Energy and Climate Change
hansard heading	Environment Protection: Investment
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Energy and Climate Change, what assessment she has made of whether there have been market failures in green and low carbon investment over the last five years; and if she will make an assessment of the most important potential threats to such investment.
tabling member constituency	Cardiff West
tabling member printed	Kevin Brennan
uin	23294
answer	answer is ministerial correction date of answer 27/01/2016 answer text <p>Electricity Market Reform was introduced to overcome barriers to investment and deployment of large scale low carbon UK power generation. The UK has enjoyed record levels of deployment of renewables in recent years and the Government has also agreed a deal to bring forward the first new nuclear power station in a generation. Increasingly, as we benefit from the lower technology costs arising from this deployment, we can expect competitive forces increasingly to stimulate further investment in the low carbon power generation that the country needs.</p><br /> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 27/01/2016 13:46:24 answering member 4117 label Biography information for Andrea Leadsom previous answer version 40967 answering member constituency South Northamptonshire answering member printed Andrea Leadsom answering member 4117 label Biography information for Andrea Leadsom
tabling member	1400 label Biography information for Kevin Brennan

446200

registered interest
date	20/01/2016
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: Privatisation
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 ensure that a privatised Green Investment Bank would be able to maximise the deployment of equity and debt from the European Fund for Structural Investment and other EU sources.
tabling member constituency	Cardiff West
tabling member printed	Kevin Brennan
uin	23295
answer	answer is ministerial correction date of answer 25/01/2016 answer text <p>There is no reason why the Green Investment Bank (GIB) could not invest alongside the EFSI whether GIB is in public or private hands, as it seeks to gather the range of financing necessary to sponsor projects.</p> answering member constituency Broxtowe answering member printed Anna Soubry question first answered 25/01/2016 15:57:02 answering member 3938 label Biography information for Anna Soubry
tabling member	1400 label Biography information for Kevin Brennan

446206

registered interest
date	20/01/2016
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: Fracking
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 the Green Investment Bank has invested in fracking projects in the UK.
tabling member constituency	Cardiff West
tabling member printed	Kevin Brennan
uin	23436
answer	answer is ministerial correction date of answer 26/01/2016 answer text <p>The Green Investment Bank has not invested in any fracking projects.</p><br /> answering member constituency Broxtowe answering member printed Anna Soubry question first answered 26/01/2016 14:26:59 answering member 3938 label Biography information for Anna Soubry
tabling member	1400 label Biography information for Kevin Brennan

446207

registered interest
date	20/01/2016
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: Privatisation
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 his Department has made of the potential costs to (a) consumers and (b) the public purse of the privatisation of the Green Investment Bank.
tabling member constituency	Cardiff West
tabling member printed	Kevin Brennan
uin	23437
answer	answer is ministerial correction date of answer 27/01/2016 answer text <br /><p>The Government is moving UK Green Investment Bank plc (GIB) into private ownership so it can continue operating in the same way it does now only funded with private capital rather than relying on taxpayers’ support. The detailed background and supporting case for this move was set out in the policy statement we published on 18 November.</p><br /><p>Decisions on the proposed sale are being taken in accordance with best practice to ensure all available options are properly examined in a detailed business case and that a robust valuation process is followed. We expect taxpayers to gain a receipt to the public purse from a majority sale of GIB, and to benefit from reduced public funding requirements in future.</p><br /> answering member constituency Broxtowe answering member printed Anna Soubry question first answered 27/01/2016 16:23:26 answering member 3938 label Biography information for Anna Soubry
tabling member	1400 label Biography information for Kevin Brennan