Oral Answers to Questions
Debate between Greg Hands and Paul Bristow(3 years, 1 month ago)
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The Minister of State, Department for Business, Energy and Industrial Strategy (Greg Hands)
This Government are doubling down on our plan to deploy more home-grown, affordable clean energy in this country, and we are putting new nuclear at the heart of that plan. In the past four weeks alone, we have announced £1.7 billion allocated for a new large-scale nuclear power station, a new nuclear Bill to boost private capital and cut build costs, £210 million to back Rolls-Royce’s small modular reactor plan, and £120 million for future nuclear projects—new nuclear made and manufactured here in Britain.
Paul Bristow
I welcome my right hon. Friend’s commitment to increasing the generation of renewable energy in the UK and attracting investment in our renewable energy sector, especially the nuclear energy industry. The green industrial revolution is well under way in Peterborough. Will he join me in congratulating Peter Brotherhood, a manufacturer of 150 years standing, whose modular steam turbine offering, manufactured in the heart of my city of Peterborough, can promote further innovation in the nuclear energy sector?
Greg Hands
A previous question referred to Teesside as the centre of the green industrial revolution, but Peterborough is also one of the great centres in this country of the green industrial revolution, and there is no better champion of that than my hon. Friend, who is right at the centre of it. He is right that the £120 million nuclear innovation fund will create options for future nuclear capability, including the recent Rolls-Royce small modular reactors, which have £210 million of funding. There are plenty of opportunities there for his constituents to get into, and I thank him for his championing of the green industrial revolution.
Oral Answers to Questions
Debate between Greg Hands and Paul Bristow(3 years, 5 months ago)
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The Minister for Trade Policy (Greg Hands)
Her Majesty’s Government formally began negotiations on the UK’s accession to CPTPP on 22 June. Negotiating teams will be working hard over the coming months to ensure a good deal for businesses, producers and consumers across the UK. The UK’s accession would make CPTPP a truly global free trading area and strengthen the UK’s relationship with 11 dynamic economies across four continents.
Paul Bristow [V]
Taiwan is one of the top 20 trading nations in the world, a vibrant democracy, a member of the WTO and an Asia-Pacific Economic Co-operation member economy. Could the Minister confirm that the UK welcomes Taiwan’s intention to join CPTPP alongside our own application and update the House on efforts to deepen our bilateral trade ties with Taiwan?
Greg Hands
Taiwan is a subject close to my heart, and we know that it is an important and growing trading partner for the UK. It is a highly valued member of the WTO as well. Future membership of CPTPP is a matter for the members at that time, but I note that Taiwan is looking to align itself to CPTPP’s high standards and is continuing its long-standing commitment to rules-based trade and the global trading system. We expect CPTPP to grow in size, and future members will be a matter for future consideration. I am looking forward to our next round of Joint Economic and Trade Committee talks with Taiwan, hopefully as soon as travel becomes possible again.