Swansea Tidal Lagoon
Debate between Carolyn Harris and Lord Brady of AltrinchamWestminster Hall is an alternative Chamber for MPs to hold debates, named after the adjoining Westminster Hall.
Each debate is chaired by an MP from the Panel of Chairs, rather than the Speaker or Deputy Speaker. A Government Minister will give the final speech, and no votes may be called on the debate topic.
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Carolyn Harris (Swansea East) (Lab)
It is a pleasure to serve under your chairmanship, Mr Brady. I congratulate the hon. Member for Carmarthen West and South Pembrokeshire (Simon Hart) on obtaining the debate. The issue is close to my heart, and the heart of my hon. Friend the Member for Aberavon (Stephen Kinnock).
We have heard that Tidal Lagoon Power is entirely privately owned, so when in February the Department of Energy and Climate Change announced an independent review of the tidal lagoon project I was shocked and disappointed, because the Government have been in talks with the company for more than a year. What stone has been left unturned? Surely we must all acknowledge that the tidal lagoon is a new approach, which will bring considerable environmental and social advantages to every region in the United Kingdom. There are plans for future lagoons. Tidal Lagoon Power is developing five full-scale tidal lagoons to employ the blueprint that needs to be established in Swansea bay. Between them, those projects would represent more than 15 GW of installed capacity, 8% of the UK’s total electricity requirement, and more than £40 billion of capital expenditure. Each project would secure a home-grown power supply for 120 years. Those are phenomenal figures.
The economic case is astounding. Six tidal lagoons would contribute £27 billion to UK GDP during construction, creating nearly 36,000 jobs on average, and 71,000 at the peak. Once in operation, the fleet would contribute £3.1 billion per year to UK GDP and sustain or create as many as 6,500 jobs. What region can afford not to welcome that? What Government can afford to risk that potential? As to the UK supply chain, Tidal Lagoon has set a target to achieve 65% of project spend in Swansea bay on UK content; with 50% of that staying in Wales. Wales cannot afford to miss this opportunity. There are phenomenal financial implications, with turbines, generators and turbine houses to be manufactured locally in Pembroke, Llanelli and Swansea. Detailed plans are in place for a turbine manufacturing plant in Swansea docks—a part of the city that has been left for a considerable time, since the decline of the dock—heavy fabrication in Pembroke and generator manufacture in Rugby and Newport. The turbines and generation package for Swansea bay are worth £300 million with almost all the parts to be UK-sourced.
As for employment, up to 1,900 full-time equivalent jobs will be created and supported during construction, and up to 180 will be created and supported through the operational life of the lagoon. There will be up to £316 million of gross value added during construction. So it goes on; the figures just keep coming. The project is a win-win all round, for Swansea East, Aberavon, the Gower, Wales and the UK—we all gain from every aspect of the project. The region needs the project, and so does my city—and the UK. It is an opportunity for us to become global leaders in a new and exciting technology; let us not let anything stop that.
Mr Graham Brady (in the Chair)
I propose to take the winding-up speeches at 3.30.