Ynys Môn: Economy

Baroness Humphreys Excerpts

Tuesday 2nd March 2021 Lords Chamber

Asked by

[Baroness Humphreys]

To ask Her Majesty’s Government, further to the decision by Horizon Nuclear Power to drop their planning bid at Wylfa Newydd, what steps they intend to take to support the economy of Ynys Môn.

[Baroness Bloomfield of Hinton Waldrist (Con)]

My Lords, we recognise the need to pursue other opportunities for the region in parallel to large nuclear. In December, the UK Government, working with the Welsh Government and local authorities in the region, committed £120 million to the north Wales growth deal, which has the potential to create over 4,000 jobs by 2036 and to deliver an economic uplift of £2.4 billion.

[Baroness Humphreys (LD) [V]]

With the promise of future UK Government investment in Wales, will the Government commit to working with the Welsh Government to encourage a major new energy scheme on Ynys Môn, including options for tidal power, with both barrages and free-standing turbines? Further investments in offshore wind and the grid infrastructure to support it would make north Wales an attractive option for low-carbon electricity generation and bring much-needed economic opportunities for young people in north Wales.

[Baroness Bloomfield of Hinton Waldrist (Con)]

The noble Baroness is right to focus on the energy sector for Ynys Môn. The announcement overnight of the £5 million investment in the Holyhead hydrogen hub, adding to the Welsh Government’s investment, £253,000 from the £120 million north Wales growth deal for the Morlais tidal flow schemes and the commitment to invest in the production of one gigawatt of offshore floating wind, in which Wales has a technological head start, all show that we are delivering on our promises for Wales and working with the Welsh Government.