Bill Esterson
Main Page: Bill Esterson (Labour - Sefton Central)Department Debates - View all Bill Esterson's debates with the HM Treasury
(5 years, 6 months ago)
Commons ChamberI was pleased to have the opportunity to meet my hon. Friend to discuss this issue. The reality is that there is a big gap in funding, with the lowest-funded authorities getting approximately £4,300 per pupil and the top-funded authorities getting £6,800. We are looking at that, because we have to have fairness across the country.
Revenue funding continues to flow to oil refineries in the middle east at the expense of tidal technology, an area in which we are a world leader. When will this Government accept that investing in tidal energy would bring huge benefits to the whole economy?
This Government are investing in innovation in the tidal and marine sector. For example, we have invested in the marine innovation centre in Shetland, and I recently met a delegation to discuss those proposals. However, investments that we make on behalf of the taxpayer have to be the right strategic energy investments for the country and provide good value for money for the taxpayer.