(5 years, 4 months ago)
Commons ChamberPromoting renewables is, of course, one more function of a dedicated trade Department, and we have export campaigns targeting renewable energy opportunities across Europe, Latin America and south-east Asia, along with support programmes. For example, the offshore wind sector deal commits the Department for International Trade and industry to increase offshore wind exports fivefold to £2.6 billion by 2030 and puts in place support mechanisms to help UK suppliers grow.
I thank the Minister for his answer. In Wales, the low-carbon and renewable energy economy employs nearly 10,000 people. However, as he has already said, this could be hugely expanded if there were more opportunities to explore and to export renewable energy, so what steps are the UK Government taking to boost the economy and export more to provide more jobs across Wales and the wider UK?
I congratulate the hon. Gentleman on championing those employers and, more importantly, employees in his constituency across the world. We are absolutely dedicated to doing that. As I said, the offshore wind sector deal puts a lot of that in place. UK Export Finance now has a dedicated team to support renewables. Colleagues from across the Department worked with Taiwan, and I was there last year at the signing of a memorandum of understanding that opens up its offshore wind opportunities for local companies.
(5 years, 11 months ago)
Commons ChamberI thank my hon. Friend for that entirely useful question, which highlights the importance of increasing exports. As a percentage of GDP, our exports have been in the 20s seemingly for time immemorial. We have got the figure over 30% and we have set a target of reaching 35%. The whole country needs to engage in this more. We think that there are more companies that could export and do not than there are companies that can and do. That is why the Department has been set up and why are we are dedicated to trying to increase that percentage. We want to improve performance in all parts of the United Kingdom. For example, in Scotland, exports constitute just over 20% of GDP, whereas the figure is more than 30% in the United Kingdom overall.
(6 years, 8 months ago)
Commons ChamberI am grateful for my right hon. Friend’s question. I would of course be delighted to meet him and colleagues to discuss food and drink, which is so important both to his constituency and mine. I am delighted to say that last year food and drink exports went up by £2 billion to £22 billion, and that, for the first time ever, we have a Department of State whose only role is to focus on the international economic interests of this nation. I will be delighted to meet him to discuss how we can do more.