Jessica Morden – 2016 Parliamentary Question to the Department for Business, Innovation and Skills

The below Parliamentary question was asked by Jessica Morden on 2016-01-20.

To ask the Secretary of State for Business, Innovation and Skills, whether his Department plans to include an undertaking to retain the staff of the Green Investment Bank as a condition when privatising that body.

Anna Soubry

It is the Department’s intention to sell the Green Investment Bank (GIB) as a going concern along with its business and staff. The GIB’s commercial value lies in its unique green specialism, including its green specialist staff. Any investor spending large sums investing in this bank will be investing precisely in this green specialism and staff.