Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, with reference to his Department's report to Parliament on the proposed disposal of shares in the UK Green Investment Bank plc, Cm 9214, published in March 2016, whether the assurances received from the Government's preferred bidders for that bank will apply to any future owner of that bank and its subsidiary companies.

The Government has set out its plans for the sale of the Green Investment Bank (GIB) in the document “Green Investment Bank: sale of shares” laid before Parliament on 3 March 2016. This includes the commitments we are asking potential bidders to make on GIB’s green values and how they propose to protect them.

Details of negotiations with potential bidders are commercially confidential.