Alexander Stafford
Main Page: Alexander Stafford (Conservative - Rother Valley)Department Debates - View all Alexander Stafford's debates with the HM Treasury
(1 year, 4 months ago)
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Andrew Griffith
Yes, I will. I have had conversations with the hon. Member about that, and I will take up the case of any unwarranted delays.
Alexander Stafford (Rother Valley) (Con)
Laura Farris (Newbury) (Con)
The Chancellor of the Exchequer (Jeremy Hunt)
I have set out our national ambition to be the world’s next silicon valley. We are making good progress; last year we were ranked the world’s third largest technology market after the United States and China.
Alexander Stafford
Ultimate Battery in Thurcroft in Rother Valley is developing groundbreaking battery technologies and is on track to create 500 new jobs by 2025. What help can the Department give me and my constituents to help burgeoning businesses such as Ultimate Battery, to make Rother Valley and other places across the north technology hubs?
Jeremy Hunt
I thank my hon. Friend for his support for this really important sector in Rother Valley. We have a number of schemes, including £541 million of funding available in the Faraday battery challenge. We also have the £1 billion automotive transformation fund. As a result of the efforts that he and many others have made, we now get 40% of our electricity from renewable sources—the second highest in Europe—and much more progress is to come.