Clean Growth Fund

Baroness Lane-Fox of Soho Excerpts

Wednesday 28th October 2020 Lords Chamber

[Lord Callanan (Con)]

Of course, my noble friend is correct to be sceptical, but we want to capitalise on the opportunity presented by the growing low-carbon global economy and we want to capitalise private investment into the UK clean growth sector.

[Baroness Lane-Fox of Soho (CB) [V]]

I declare my interest as a director of the Peers for the Planet group. A Resolution Foundation report out today states that 20% of 18 to 24 year-olds are likely to face unemployment, yet there are huge potential opportunities for employment in the clean energy and climate crisis innovation areas. What are the Government doing to make sure that these young people are able to have the skills that they need to take up what will be an enormous amount of potential job opportunities?

[Lord Callanan (Con)]

I agree with the noble Baroness that there are tremendous opportunities, but we have a number of other government funds outside of the one that we are discussing today. For instance, the Green Homes Grant scheme has a training element within it, with several million pounds of grants allocated to training providers to provide jobs in exactly the sector that she mentions.