Commons Sense

House of Commons · Written Ministerial Statement

Update on UK Green Infrastructure Platform

19 April 2022 · Department for Business, Energy and Industrial Strategy

Proposed by Greg Hands Con Chelsea and Fulham

Environment

Summarised by AI from the official record, so it can contain mistakes.

View on Parliament.uk

At a glance

Key points

  • The UK Green Infrastructure Platform Ltd (UKGIP) is being wound up through a Members' Voluntary Liquidation.
  • UKGIP has completed its objectives by managing five assets retained from the sale of the UK Green Investment Bank.
  • The value of the assets under UKGIP management has been enhanced for sale.

Issue summary

The statement discusses the winding up of UK Green Infrastructure Platform Ltd (UKGIP) through a Members’ Voluntary Liquidation.

Action requested

UKGIP has completed its objectives and is being wound up, having managed the five assets retained from the sale of the UK Green Investment Bank and enhanced their value for sale.

Key facts

  • UK Green Infrastructure Platform Ltd (UKGIP) is being wound up via a Members’ Voluntary Liquidation.
  • UKGIP was established in 2017 to manage Government’s interests in unsold assets from the Green Investment Bank.
  • UKGIP was 90% owned by the Department for Business, Energy & Industrial Strategy and 10% by UK Green Investment Bank Limited (UKGIB), which is wholly owned by Macquarie.
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