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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

446214

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
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Innovation and Skills, what the proportion of (a) public and (b) private investment was in each project in which the Green Investment Bank has invested.
tabling member constituency	Cardiff West
tabling member printed	Kevin Brennan
uin	23449
answer	answer is ministerial correction date of answer 26/01/2016 answer text <p>The information requested can be found in the Transaction Table on the Green Investment Bank website.</p><br /> answering member constituency Broxtowe answering member printed Anna Soubry question first answered 26/01/2016 14:22:17 answering member 3938 label Biography information for Anna Soubry
tabling member	1400 label Biography information for Kevin Brennan

446215

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 the timescale is for privatisation of the Green Investment Bank; and whether he has made contingency plans to extend that timescale in the event of adverse market conditions.
tabling member constituency	Cardiff West
tabling member printed	Kevin Brennan
uin	23450
answer	answer is ministerial correction date of answer 26/01/2016 answer text <br /><p>The Government has previously stated that it is seeking to sell a majority stake in the Green Investment Bank (GIB) in the financial year 2016/17.</p><br /><p>Strong market interest currently exists for the GIB and we expect this timetable to be successfully met. Any extension would be considered nearer to the end of that timetable, should it be required.</p><p><strong></strong></p> answering member constituency Broxtowe answering member printed Anna Soubry question first answered 26/01/2016 14:24:38 answering member 3938 label Biography information for Anna Soubry
tabling member	1400 label Biography information for Kevin Brennan

445837

registered interest
date	19/01/2016
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 recent representations he has received on the proposed privatisation of the Green Investment Bank.
tabling member constituency	Cardiff West
tabling member printed	Kevin Brennan
uin	23237
answer	answer is ministerial correction date of answer 22/01/2016 answer text <p><strong></strong></p><p><strong></strong></p><p>The Government has received a small number of representations from interested parties since the Government’s announcement to bring in private capital to the Green Investment Bank (GIB) in June 2015.</p><p /> <p>My Rt hon Friend the Secretary of State for Business, Innovation and Skills met my hon Friend the Member for Beverley and Holderness (Graham Stuart) and representatives from E3G and Aldersgate Group in October, and I have met with the Member separately this month. The Government also meets GIB management regularly to discuss this and other issues.</p><p><strong></strong></p><br /> answering member constituency Broxtowe answering member printed Anna Soubry question first answered 22/01/2016 14:26:32 answering member 3938 label Biography information for Anna Soubry
tabling member	1400 label Biography information for Kevin Brennan

445838

registered interest
date	19/01/2016
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 recent discussions he has had with the Office for National Statistics on the issuing of special shares in the Green Investment Bank.
tabling member constituency	Cardiff West
tabling member printed	Kevin Brennan
uin	23238
answer	answer is ministerial correction date of answer 22/01/2016 answer text <p><strong></strong></p><p><strong></strong></p><p>The Government is currently exploring with the Office of National Statistics whether there is scope to implement a special share style arrangement in a way that would not amount to a form of state control.</p><p><strong></strong></p><br /> answering member constituency Broxtowe answering member printed Anna Soubry question first answered 22/01/2016 14:28:03 answering member 3938 label Biography information for Anna Soubry
tabling member	1400 label Biography information for Kevin Brennan

445839

registered interest
date	19/01/2016
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 assessment he has made of the potential effect of the privatisation of the Green Investment Bank on the level of investment it will make in the UK green economy.
tabling member constituency	Cardiff West
tabling member printed	Kevin Brennan
uin	23239
answer	answer is ministerial correction date of answer 22/01/2016 answer text <p><strong></strong></p><p><strong></strong></p><p>The privatisation of the Green Investment Bank will allow the company to increase its investments in the UK green economy. It will be able to raise more capital free from being on the Government balance sheet. It will also be free from State Aid restrictions on the green investments it can make.</p><p /> <p><strong></strong></p><br /> answering member constituency Broxtowe answering member printed Anna Soubry question first answered 22/01/2016 14:29:44 answering member 3938 label Biography information for Anna Soubry
tabling member	1400 label Biography information for Kevin Brennan

445840

registered interest
date	19/01/2016
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 30 November 2015 to Question 14108, whether the Government has imposed binding conditions in previous privatisations.
tabling member constituency	Cardiff West
tabling member printed	Kevin Brennan
uin	23240
answer	answer is ministerial correction date of answer 22/01/2016 answer text <p><strong></strong></p><p><strong></strong></p><p>A body such as the Green Investment Bank can only be classified to the private sector if it is not subject to significant government control over its corporate policy. That includes any control Government has over the body in terms of legislation, regulation and its contractual agreements.</p><p /> <p><strong></strong></p><br /> answering member constituency Broxtowe answering member printed Anna Soubry question first answered 22/01/2016 14:32:26 answering member 3938 label Biography information for Anna Soubry
tabling member	1400 label Biography information for Kevin Brennan

445413

registered interest
date	18/01/2016
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: Finance
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 14 September 2015 to Question 8988, whether the Government has taken a decision on the funding of the Green Investment Bank's business activity in future years.
tabling member constituency	Cardiff West
tabling member printed	Kevin Brennan
uin	22804
answer	answer is ministerial correction date of answer 21/01/2016 answer text <br /> <br /><p>Government funding for the Green Investment Bank (GIB) for the 2016-17 period and beyond has now been announced as part of the current spending review. This is a good settlement for GIB and provides what GIB management wanted by allowing for 100% funding of GIB’s investments to the point of majority sale, assuming a sale in the next financial year.</p><p><strong></strong></p> answering member constituency Broxtowe answering member printed Anna Soubry question first answered 21/01/2016 17:32:54 answering member 3938 label Biography information for Anna Soubry
tabling member	1400 label Biography information for Kevin Brennan

445416

registered interest
date	18/01/2016
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 has undertaken an environmental impact assessment of its policy to privatise the Green Investment Bank.
tabling member constituency	Cardiff West
tabling member printed	Kevin Brennan
uin	22816
answer	answer is ministerial correction date of answer 21/01/2016 answer text <p><br></p><p>As set out in the answer to question 22471 on 18 January, 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. 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. The process does not involve preparation of an environmental impact assessment as we do not envisage any direct environmental or regulatory impacts of a majority sale of GIB, or changes to pre-existing policy goals for GIB.</p><br /> answering member constituency Broxtowe answering member printed Anna Soubry question first answered 21/01/2016 17:42:19 answering member 3938 label Biography information for Anna Soubry
tabling member	1400 label Biography information for Kevin Brennan

445420

registered interest
date	18/01/2016
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: Job Creation
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 7 July 2015 to Question 3892, how many (a) jobs and (b) apprenticeships were created by each Green Investment Bank (GIB) investment; and whether he plans to monitor the performance of a privatised GIB in creating jobs and apprenticeships.
tabling member constituency	Cardiff West
tabling member printed	Kevin Brennan
uin	22863
answer	answer is ministerial correction date of answer 21/01/2016 answer text <p>The Green Investment Bank (GIB) estimates that approximately 5700 jobs have been created during the construction phases of their projects and approximately 1000 jobs have been created during the operational phase of their projects. Apprenticeship numbers are not recorded separately from other jobs but any apprenticeship roles would be included in the figures mentioned above.</p><p /> <p>We would expect a privatised GIB to continue to monitor the green and other benefits of their investments, such as job creation.</p><p><strong></strong></p><br /> answering member constituency Broxtowe answering member printed Anna Soubry question first answered 21/01/2016 17:25:17 answering member 3938 label Biography information for Anna Soubry
tabling member	1400 label Biography information for Kevin Brennan