Great British Energy Bill

Debate between Ian Lavery and Ed Miliband

2nd reading
Thursday 5th September 2024 Commons Chamber

[Ed Miliband]

I looked carefully at that issue before we made that decision. I have great respect for the hon. Gentleman, but we cannot justify spending public money on a scheme that will not work and will not deliver for the British people, which is why we did not go ahead with the second phase. All the advice and all the evidence was that it just would not be value for money.

I am glad that the hon. Gentleman draws attention to 2030. For the first time in this country since the last Labour Government were in power, we are going to have a proper plan. We did not inherit a proper plan, and we need a proper plan to give certainty to industry.

Fourthly, Great British Energy will support project development, leading projects through their early stages to speed up delivery, while capturing more value for the British people, in particular through our partnership with the Crown Estate, announced just two weeks into our period in Government. The partnership will co-ordinate planning, grid and leasing for the seabed and, importantly, help speed up the roll-out of offshore wind and other technologies. It has the potential to help leverage up to £60 billion of private investment and deliver up to 30 GW of offshore wind leases.

The truth is we have huge potential as a country: the chance for offshore wind to drive investment in coastal areas from Cornwall to Grimsby, opportunities for ports from west Wales to north of Scotland to lead the world in the industries of the future, and opportunities for supply chain companies all over the world. That is what this Bill is about.

[Ian Lavery (Blyth and Ashington) (Lab)]

I am terribly excited about the ambition of the Labour Government for GB Energy. In my constituency, Blyth port is thriving. We have Energy Central on the Blyth estuary, Catapult UK, the offshore energy research centre, and Lynemouth power, a biomass power station. May I invite the Secretary of State to see the issues in my constituency for himself, and show businesses and residents how they can participate in the fantastic opportunity Government are offering?

[Ed Miliband]

My hon. Friend is a great champion for his area and he is right. I am sure he reflects the feelings of every right hon. and hon. Member, whatever side of the House they are on, that there are huge opportunities in this sector. We intend to exploit them. I look forward to seeing his constituency.