Green Investment Bank Debate

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Green Investment Bank

Adrian Bailey Excerpts
Tuesday 24th May 2011

(13 years, 6 months ago)

Commons Chamber
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Vince Cable Portrait Vince Cable
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It will be difficult to support small and medium-sized enterprises directly—but there are other mechanisms for doing so. One area of investment will be industrial energy efficiency, and through the aggregation of projects, SMEs might well be part of that.

Adrian Bailey Portrait Mr Adrian Bailey (West Bromwich West) (Lab/Co-op)
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The CBI has expressed concern about the dangers of the Government’s overall green strategy inhibiting manufacturers’ ability to provide the necessary green infrastructure. May I seek reassurance from the Minister that he will fight resolutely on behalf of manufacturing industry to sustain that capacity to deliver in this country?

Vince Cable Portrait Vince Cable
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Yes I will fight, and do fight, resolutely for manufacturing industry, which of course is now seeing significant growth. It is leading this country out of recession, and the CBI has very strongly made the point to me about the need for the manufacturing sector in green industries, and the need to safeguard the industries with energy-intensive plants, too.