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446207
registered interest false more like this
date less than 2016-01-20more like thismore than 2016-01-20
answering body
Department for Business, Innovation and Skills more like this
answering dept id 26 more like this
answering dept short name Business, Innovation and Skills more like this
answering dept sort name Business, Innovation and Skills more like this
hansard heading Green Investment Bank: Privatisation more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
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. more like this
tabling member constituency Cardiff West remove filter
tabling member printed
Kevin Brennan more like this
uin 23437 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2016-01-27more like thismore than 2016-01-27
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 /> more like this
answering member constituency Broxtowe more like this
answering member printed Anna Soubry more like this
question first answered
remove maximum value filtermore like thisremove minimum value filter
answering member
3938
label Biography information for Anna Soubry more like this
tabling member
1400
label Biography information for Kevin Brennan more like this