Nick Hurd – 2015 Parliamentary Question to the Department for Business, Innovation and Skills

The below Parliamentary question was asked by Nick Hurd on 2015-11-18.

To ask the Secretary of State for Business, Innovation and Skills, whether the privatisation of the Green Investment Bank will be by asset sale or as a going concern.

Anna Soubry

My right hon. Friend the Secretary of State for Business, Innovation and Skills’ written Ministerial Statements of 25 June and 15 October make clear that the Government is moving UK Green Investment Bank plc (GIB) into private ownership and repealing the GIB legislation so that, following a sale, GIB can continue to operate as a going concern and be reclassified to the private sector with the freedom to borrow and raise a much greater volume of private capital without affecting public sector debt.