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Legislation

As the UK Green Investment Bank (UK GIB) is to be an enduring institution, it is important to ensure that it continues to have a green economy focus over the long term regardless of any future potential changes in its ownership.

That is why the Government is introducing legislation.

As part of the Enterprise and Regulatory Reform Bill, the legislation seeks to ensure that the Bank will always have a green purpose. It also facilitates the Bank’s independence, and makes funding provision for the company.

More detail on the Enterprise and Regulatory Reform Bill – UK Green Investment Bank.

Impact Assessment

The Government has considered in detail the range of costs and benefits of establishing UKGIB, and is confident that the Bank will facilitate economic growth in the longer term. The full details of the costs and benefits are set out in the impact assessments.

 

Minister Responsible

Vince Cable is the minister responsible for this policy area.


 

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UK Green Investments
Before state aid approval, UK Green Investments began making direct investments on behalf of the Secretary of State, on fully commercial terms.

Green Investment Bank - Latest News

UK Green Investment Bank Blog

Green Investment Bank contacts

Contributions and/or more detailed questions should be directed to the BIS Green Investment Bank team.