Lord Gadhia
Main Page: Lord Gadhia (Non-affiliated - Life peer)Department Debates - View all Lord Gadhia's debates with the Wales Office
(5 years, 9 months ago)
Lords ChamberMy Lords, I was unaware of the specific relationship that the noble Lord just mentioned, but I am certainly aware of the work of the Greater London Assembly. Much good work is being done across the piece. The noble Lord will be aware that £2.5 billion of the home building fund is being used to provide loan finance for modern methods of construction. He will probably also be aware that we have a working group on modern methods of constructions, which is looking at specific issues of mortgages and insurance, for example. The working group met in October with the Housing Minister. I will happily engage with the noble Lord to fill him in on more of the details, but we are very well aware of the importance of the issue and we are fostering and encouraging it.
My Lords, is my noble friend aware that the Chancellor has recently allocated £36 million to Swansea University for active buildings? These are buildings that can store and release energy back into the grid and help to stabilise it. That funding has already recently been allocated.
My noble friend is absolutely right, and I have in fact visited the company, called Specific, in Swansea—it is in the SA1 district. As a modern methods of construction manufacturer, it is a very go-ahead company. As he rightly says, it has the added advantage of being carbon neutral and putting energy back into the grid. They are called BAPS—buildings as power stations—and are very innovative and very much on the radar of BEIS and the wider Government.