Oral Answers to Questions Debate

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Department: Department for Education

Oral Answers to Questions

Simon Kirby Excerpts
Thursday 9th June 2011

(12 years, 11 months ago)

Commons Chamber
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John Hayes Portrait Mr Hayes
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I will be more than happy to look into that matter on behalf of the Secretary of State. It is absolutely right that that where there are barriers of the kind that I mentioned a moment ago, we identify and overcome them. I would be happy to talk to the hon. Lady on that basis.

Simon Kirby Portrait Simon Kirby (Brighton, Kemptown) (Con)
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3. How many jobs in low-carbon industries he expects to be created by the actions of the green investment bank.

Vince Cable Portrait The Secretary of State for Business, Innovation and Skills (Vince Cable)
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The green investment bank will be a key element in financing investment in the green economy. It is not possible to estimate the number of green jobs it will help to create, but this sector in the UK is already substantial and employed around 910,000 people in 2008-09. A total of £3 billion of funding has been made available to the green investment bank from 2012 and could mobilise an additional £15 billion in private sector investment.

Simon Kirby Portrait Simon Kirby
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I thank my right hon. Friend for his answer. Will he consider locating the green investment bank in the most excellent city of Brighton and Hove?

Vince Cable Portrait Vince Cable
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I thank my hon. Friend for his question. I know from other interventions of his deep and genuine interest in environmental issues. We already have quite a long bidding list for cities that wish to attract the green investment bank, and I am very happy to add Brighton to it.