(7 years, 11 months ago)
Commons ChamberAs I have indicated in a separate debate with the hon. Gentleman, that is a different, although related, technology. It was funded in part by the Government and has produced interesting results. This is a matter for close consideration by officials and we will continue to reflect on the matter. If he wishes to write to me further, I would be delighted to take a letter.
One of the core objectives of the draft industrial strategy is to rebalance the UK economy, with engineering, construction and manufacturing making a larger contribution to economic growth. Does the Minister agree that if we are to achieve that objective, we will need to invest in major infrastructure projects such as the tidal lagoon?
I absolutely share my right hon. Friend’s view that major infrastructure investment is an important part, although only a part, of the wider overall investment that can be made in this country as part of the industrial strategy. He is right to suggest that those wider considerations must be balanced by a tempered assessment of value for money, and that is what we will be giving them.
(8 years, 2 months ago)
Commons ChamberI am grateful to the hon. Gentleman for that helpful clarification at the end. It is widely understood that there is support for the project among many colleagues. The Government have received an early draft, but we await receipt of the final report, which is due by the end of the year. We will give it the careful consideration that such an important issue deserves.
We have a tremendous opportunity in front of us if we are ambitious to create the world’s first tidal energy industry here in the United Kingdom. Does my hon. Friend agree that key to making this work is recognising that the Swansea project is essentially a pathfinder and that the future lagoons, which will all be larger, will bring down the costs very significantly?
Yes, that has been widely suggested. It is fair to say that the issues being addressed by the review are complex and relate to a new and untried technology—potentially, a place-specific technology. The Government will need to look closely at the review’s specific conclusions and how far they can be generalised as part of a wider strategy.