GREEN INVESTMENT BANK SECOND ANNUAL REVIEW

That this House welcomes the results published in the Green Investment Bank's second annual review; recognises that in 2013-14 the Green Investment Bank invested in 18 new green projects and committed £668 million in new capital; congratulates the Green Investment Bank on continuing to grow by taking its total capital commitments to £1.3 billion of profitable investments; further recognises that, for every £1 invested, the Green Investment Bank mobilised approximately £3 of additional private capital; acknowledges that, once built, the investments to date will create 3,500 construction jobs, provide renewable power to over three million homes and reduce greenhouse gas emissions equivalent to taking over 1.6 million cars off the road; further congratulates the Green Investment Bank on investing across the whole of the UK; and supports the Green Investment Bank in continuing to invest in the UK's green future.