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Green Investment Bank

Volume 508: debated on Thursday 8 April 2010

To ask the Chancellor of the Exchequer whether community-based social enterprises will be eligible for investment from the Green Investment Bank announced in Budget 2010.[325812]

The Green Investment Bank (GIB) will specifically address the risk of an emerging gap in the provision of equity capital to large, complex infrastructure projects within the next few years. It is likely the initial focus of the GIB will be on offshore wind generation. However, it will also consider the case for investing in other infrastructure as appropriate as investment needs arise. Infrastructure UK will be consulting on the establishment of the GIB in the summer.