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| To move the following Clause:— |
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| | | ‘The UK Green Investment Bank may not engage in activities that involve |
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| | | facilitating or encouraging investment in nuclear power or the nuclear industry.’. |
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| | | Page 1, line 11 [Clause 1], at end add— |
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| | | ‘(3) | In undertaking investments in accordance with the green purposes outlined in |
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| | | subsection (1), the UK Green Investment Bank will identify opportunities in |
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| | | which small and medium-sized enterprises can be awarded contracts.’. |
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| | Page 2, line 8 [Clause 2], leave out ‘in the United Kingdom’ and insert ‘(whether in |
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| | the United Kingdom or elsewhere)’. |
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| | Page 2, line 18 [Clause 2], leave out from ‘section’ to end of line 19 and insert ‘— |
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| | | (a) | is to be made by statutory instrument, and |
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| | | (b) | is not to be made unless a draft of the instrument has been laid before, and |
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| | | approved by a resolution of, each House of Parliament.’. |
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| | Page 2, line 37 [Clause 3], leave out ‘in the United Kingdom’ and insert ‘(whether |
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| | in the United Kingdom or elsewhere)’. |
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| | | Page 3, line 21 [Clause 4], after subsection (6) insert— |
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| | | ‘(7) | Subject to approval by the European Commission of the State aid notification |
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| | | concerning the establishment of the UK Green Investment Bank, it is the duty of |
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| | | the Secretary of State to provide the European Commission with State aid |
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| | | notification concerning the intention to allow the Bank to borrow, including |
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| | | borrowing from the capital markets. |
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| | | (8) | The duty in subsection (7) must be fulfilled not later than 31 December 2013.’. |
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| | | Page 3, line 24 [Clause 4], at end add— |
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| | | ‘(7) | Subject to the approval by the European Commission of the State aid notification |
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| | | concerning the establishment of the UK Green Investment Bank, the Secretary of |
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| | | State shall provide the European Commission with State aid notification |
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| | | concerning the intention to allow the Bank to borrow, including borrowing from |
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| | | (8) | The duty in subsection (7) must be fulfilled no later than 31 December 2013. |
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| | | (9) | It is the duty of HM Treasury and the Secretary of State to either— |
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| | | (a) | permit the UK Green Investment Bank to begin borrowing from the |
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| | | capital markets by April 2015, or |
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| | | (b) | to present to Parliament a report within one month of the passage of this |
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| | | Bill giving a clear, certain, alternative date for the UK Green Investment |
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| | | Bank to begin borrowing, based on Office for Budget Responsibility |
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| | | forecasts for the public finances and advice from the Green Investment |
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| | | Bank on its need for borrowing powers, |
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| | | | both subject to the European Commission approving the State aid notification |
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| | | Page 3, line 24 [Clause 4], at end add— |
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| | | ‘( ) | Subject to approval by the European Commission of the State aid notification |
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| | | concerning the establishment of the UK Green Investment Bank, it is the duty of |
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| | | the Secretary of State to provide the European Commission with State aid |
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| | | notification concerning the intention to allow the Bank to borrow, including |
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| | | borrowing from the capital markets. |
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| | | ( ) | The duty in the above subsection must be fulfilled no later than 31 December |
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| | | ( ) | In the event the European Commission approves the State aid notification |
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| | | concerning borrowing, it is the duty of the Treasury and of the Secretary of State |
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| | | to permit the Green Investment Bank to begin borrowing from the capital markets |
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| | | no later than 30 June 2015, or, if State aid approval has not been received by that |
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| | | date, no later than one month from the date of approval.’. |
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| | Page 3, line 27 [Clause 5], leave out from ‘treated’ to ‘as’ in line 28. |
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| | Page 3, line 29 [Clause 5], leave out ‘that Act’ and insert ‘the Companies Act 2006 |
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| | for the purposes of the application to it of— |
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| | | (a) | Chapters 4 and 4A of Part 10 of that Act, and |
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| | | (b) | Parts 15 and 16 of that Act (in respect of a financial year).’. |
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| | | Page 4, line 9 [Clause 6], at end add— |
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| | | ‘(5) | The Secretary of State will be required to receive independent expert review of |
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| | | the performance of the UK Green Investment Bank. |
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| | | (6) | The Secretary of State will be required to receive such a review no less than every |
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| | | (7) | An interim review no less frequently than every two and half years. |
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| | | (8) | The independent expert review in subsection (1) must, in particular, include or |
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| | | contain information relating to— |
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| | | (a) | an assessment of the UK Green Investment Bank’s environmental |
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| | | performance in fulfilling the green purposes as set out in section 1. |
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| | | (b) | an analysis of the main trends and factors likely to affect the future |
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| | | development, performance and investments of the UK Green Investment |
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| | | (c) | macroeconomic analysis, including assessments of demand in the UK |
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| | | economy and international factors likely to affect green investment and |
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| | | skills within the relevant industries, |
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| | | (d) | assessment of the competitveness of the UK Green Investment Bank in |
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| | | securing competitive advantage for the UK in green and low carbon |
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| | | economies relative to other countries, and |
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| | | (e) | recommendations to improve the UK Green Investment Bank’s impact in |
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| | | fulfilling its green purposes in section 1. |
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| | | (9) | Prior to the commencement of a review in relation to subsection (1), the Secretary |
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| | | of State must request the views of— |
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| | | (a) | The Secretary of State for Energy and Climate Change, |
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| | | (b) | The Secretary of State for Environment, Food and Rural Affairs, |
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| | | (c) | The Committee on Climate Change, |
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| | | (d) | Ministers from the devolved administrations, |
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| | | (e) | investors and interested parties, and |
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| | | (f) | members of the public, |
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| | | | and provide a copy of the results of the consultations to the person or persons |
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| | | undertaking the independent review. |
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| | | (10) | The Secretary of State, in the capacity of shareholder, must provide such |
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| | | information as he considers reasonable to enable the person or body undertaking |
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| | | the review to fulfill the requirements of this subsection. |
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| | | (11) | A review made in relation to subsection (1) must be published and laid before |
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| | | both Houses of Parliament.’. |
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| | | Page 4, line 13 [Clause 7], at end insert— |
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| | | ‘(1) | Prior to the commencement of the section Conciliation before the institution of |
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| | | proceedings, the Secretary of State shall consult and intitiate an assessment into |
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| | | the effect of the introduction of the currently proposed fees system for the |
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| | | employment tribunal and its impact on the effectiveness of conciliation and place |
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| | | the review in the Library of the House of Commons.’. |
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| | | Page 4, line 13 [Clause 7], at end insert— |
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| | | ‘(1) | Prior to the commencement of this section, the Secretary of State shall— |
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| | | | an impact assessment into the effect of the introduction of proposed fees for the |
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| | | employment tribunal system and the impact this will have on the effectiveness of |
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| | | ACAS conciliation proceedings.’. |
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| | Page 4, line 18 [Clause 7], leave out ‘send’ and insert ‘provide’. |
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| | Page 5, line 33 [Clause 7], leave out ‘sending’ and insert ‘providing’. |
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| | Page 5, line 43 [Clause 7], at end insert— |
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| | | ‘(e) | preventing an employer or ex-employer of a prospective Claimant from |
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| | | applying for costs against the prospective Claimant under the |
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| | | Employment Tribunal Rules or other measures to provide an incentive to |
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| | | employers or ex-employers to take part in the conciliation process.’. |
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| | Page 7, line 27 [Clause 11], after (2) insert ‘With the consent of the parties but not |
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| | Page 7 [Clause 11], leave out lines 29 to 38. |
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| | Page 8 [Clause 11], leave out lines 1 to 10. |
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| | | Page 8, line 19, leave out Clause 12. |
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| | Page 8 [Clause 12], leave out lines 22 to 27 and insert— |
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| | | ‘(1) | Evidence of pre-termination negotiations is inadmissible in any proceedings on a |
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| | | complaint under section 111. |
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| | | | This is subject to subsections (2) to (4). |
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| | | (1A) | In subsection (1) “pre-termination negotiations” means any offer made or |
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| | | discussions held, before the termination of the employment in question, with a |
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| | | view to it being terminated on terms agreed between the employer and the |
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| | Page 8, line 36, [Clause 12], leave out from beginning to second ‘to’ in line 37 and |
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| | insert ‘Subsection (1) does not affect the admissibility, on any question as to costs or |
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| | expenses, of evidence relating’. |
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| | Page 8 [Clause 12], leave out lines 40 to 43. |
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| | | Page 9, line 1, leave out Clause 13. |
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| | Page 9 [Clause 13], leave out lines 8 to 10 and insert— |
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| | | (i) | a specified amount, and |
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| | | (ii) | a specified number multiplied by a week’s pay of the individual |
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| | Page 9, line 11 [Clause 13], after ‘(2)(a)’ insert ‘or (b)(i)’. |
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| | Page 9, line 13 [Clause 13], after ‘(2)(a)’ insert ‘or (b)(i)’. |
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| | | Page 9, line 15 [Clause 13], leave out paragraph (b). |
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| | Page 9, line 16 [Clause 13], after ‘(2)(b)’ insert ‘(ii)’. |
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| | | Page 9, line 33 [Clause 13], leave out ‘in whatever way the Secretary of State |
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| | thinks fit’ and insert ‘by the Secretary of State following consultation with the TUC and |
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| | Page 9, line 38 [Clause 13], after ‘13(2)(b)’ insert ‘(ii)’. |
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| | Page 10, line 1, leave out Clause 14. |
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| | Page 10, line 11 [Clause 14], after ‘features’, insert— |
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| | | ‘(c) | and where the employer employs in excess of 10 employees at the time |
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| | | of the claim first being submitted to ACAS as per section 7 of this Act,’. |
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| | | Page 10, line 11 [Clause 14], at end insert— |
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| | | ‘(c) | the compensatory award has not been paid to the claimant within the time |
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| | | limit prescribed by the Secretary of State.’. |
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| | | Page 10, line 17 [Clause 14], leave out from ‘£5,000’ until end of line 4 on page 11. |
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| | | Page 10, line 20 [Clause 14], leave out subsection (3). |
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| | | Page 11, line 47 [Clause 14], after ‘Fund’, insert ‘to be spent with the objective of |
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