(7 years, 10 months ago)
Public Bill CommitteesI thank the hon. Gentleman for giving way. I just wanted an assurance that any income from commercial properties as a result of the lease is absolutely ring-fenced for reinvestment in the Kew estate and its activities.
The hon. Lady is absolutely right—any income will go back into Kew. The lease is to Kew, which is a UNESCO world heritage site, and it will spend the money on enhancing Kew. If she has a quick word with the Kew team in the Public Gallery, I am sure that they would enlighten her about what they are doing. As I said, we need to go to Kew. Leith is very beautiful, but Kew is equally beautiful. I look forward to that. I hope that helps her.
Mr Turner, thank you for your clear leadership. I am grateful to all my colleagues for their support for the Bill and, as I said, to my noble Friend Lord Gardiner, who will steady it through the other place.
Question put and agreed to.
Clause 1 accordingly ordered to stand part of the Bill.
Clause 2 ordered to stand part of the Bill.
Question proposed, That the Chair do report the Bill to the House.
(8 years, 5 months ago)
Commons Chamber16. What assessment she has made of the potential effect of the outcome of the EU referendum on levels of overseas investment in the UK energy sector.
20. What assessment she has made of the potential effect of the outcome of the EU referendum on levels of overseas investment in the UK energy sector.
The Government have engaged extensively with investors since the EU referendum, sending a clear message that the UK remains open for investment and business. I am very clear that the UK is an attractive environment for investment in energy. My Department will continue to take the steps needed to deliver secure, affordable and clean energy for families and businesses across the UK.
I believe that we will see huge opportunities in leaving the European Union. As is always the case in the United Kingdom, we will take great steps to ensure business confidence and ensure that those who have invested in this country will be able to use our very sound contract law and investor base to be able to continue to fruition with their projects.
I am sure the Minister will agree that the EU exit vote has caused uncertainty. I am sure that this new and slightly unexpected Government, with the paint still drying on the signs, will want to boost investment and development in the energy sector. Will the Minister tell us how the Government will create incentives for investment and boost consumer confidence?
I think the hon. Lady will accept that my concern about investor confidence led to a very significant move on my own part to make sure that we had certainty in the UK. The new Government will absolutely be keen to reassure investors and to make sure that this remains a very strong place to invest.