11 July 2013
Harriett Baldwin welcomes the progress of the green investment bank and questions the Government on specific projects that have received support so far. Harriett Baldwin (West Worcestershire) (Con): Setting up the green investment bank was one of the Conservative party manifesto pledges and I was pleased to hear in the reply to the hon. Member for Bethnal Green and Bow (Rushanara Ali) of the progress that is happening. What specific projects has the green investment bank been backing? Gregory Barker: My hon. Friend is absolutely right that it was the Conservatives who set up the Wigley commission, which came up with the original scoping ideas for the green investment bank. In practice, it has been terrific. It has invested £30 million in the Wakefield waste project, £46 million in the Walney offshore wind farm and £57 million in Rhyl Flats. It is supporting the new industrial energy efficiency programmes and, of course, has put a significant slice of debt into the Green Deal Finance Company that will allow green deal finance to flow. | Hansard