(1 year, 3 months ago)
Commons ChamberMy hon. Friend is such a champion of the businesses in his constituency. May I provide him with some confidence? Securing this investment is about providing assurances to everyone in the supply chain that there is now a bigger game for them to play—there will be far more production, sales and, obviously, work for them to do. My hon. Friend has invited me previously; it is an outstanding engagement and I look forward to visiting him shortly. I chair the Automotive Council so I meet a lot of small and medium-sized enterprises, but if I have not already met the firm he mentions, I suggest he gives my private office a little nudge and I will make sure I correspond with the firm shortly.
By 2025, Germany is set to have 10 times more battery capacity than the UK, while the US is set to have 30 times more capacity. I welcome yesterday’s announcement of Tata Group’s investment in a UK gigafactory, but will the Minister confirm exactly how the Government plan to ensure that this will be just the first, not the last, such announcement?
The hon. Gentleman has done his homework, but the most important point he needs to remember is that to meet our demand in the UK we need 100 GW. That is not a decision we have taken; it is a piece of work done by the Faraday Institution. Comparing us with the USA or Germany does not really work well, because we are trying to deal with the manufacturing that we have in the UK. So, we need 100 GW; this announcement provides 40 GW, and we have 12 GW with Envision and Nissan, which may go up to 38 GW if they wish to expand. Potentially we are two thirds of the way there, but we do not want to be complacent. When drawing international comparisons, we have to ask how many of the countries—whether the USA or Germany—are two thirds of the way to meeting their battery needs. This is of course not the first or the second step, because we have Nissan already with Envision, but yesterday’s announcement is substantial and we will of course continue to go forward. It shows huge confidence in the UK supply chain and will no doubt attract further investment.