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Update on UK Green Infrastructure Platform

19 April 2022

Proposing MP
Greg Hands Con
Chelsea and Fulham
Type
Written Ministerial Statement
Department
Department for Business, Energy and Industrial Strategy
View on Parliament.uk -->

At a Glance

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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