Adrian Bailey
Main Page: Adrian Bailey (Labour (Co-op) - West Bromwich West)
Mr Davey
I am grateful for my hon. Friend’s support in this matter. He is right to make it clear that Chinese investment into Britain, and in this case into our electricity supply system, is very welcome. We already have it. There are billions of pounds of Chinese money invested in the UK’s electricity industry and in our wider industry. I talked to EDF today, which has been working in China for more than 30 years. EDF has been partnering Chinese nuclear firms for a long time, so this partnership ought to be welcomed in the UK.
Mr Adrian Bailey (West Bromwich West) (Lab/Co-op)
I welcome this announcement, but the departmental press release said that up to 50% of the work would be available for employment in this country. Can the Secretary of State clarify whether 43% will not be available? Given the rundown in capacity in the construction industry and the shortage of our engineers, can he say what is being done to maximise the employment potential?
Mr Davey
I am grateful to the hon. Gentleman for his welcome. He is right that we have negotiated a deal so that 57% of the value will go to UK firms, ensuring that they can get the benefit and develop their skills and that UK employees can be a big part of the project. We would have liked the figure to be higher, but unfortunately not a lot has happened in the nuclear industry for many years. I wonder whether Opposition Members might like to explain why that is. This Government have looked forward to ensure that there will be a better future for British nuclear firms, not only as a result of this deal, but because earlier this year my right hon. Friend the Secretary of State for Business, Innovation and Skills and I published an industrial strategy for the UK’s nuclear industry, looking at all aspects, so that British firms and British people can benefit as we develop clean, low-carbon nuclear power in this country.