Oral Answers to Questions Debate
Full Debate: Read Full DebateJames Cartlidge
Main Page: James Cartlidge (Conservative - South Suffolk)Department Debates - View all James Cartlidge's debates with the Department for Business, Energy and Industrial Strategy
(5 years, 8 months ago)
Commons ChamberI will attempt to do that, Mr Speaker. The hon. Gentleman will know, of course, that all these technologies basically started off in the same place. Arguably, marine and tidal have received more innovation funding. They have not been able to demonstrate a cost reduction pathway commensurate with, for example, offshore wind, but he is right to say that we need to look at ways to try to bring these technologies forward and we will continue to do so.
The industrial strategy is based on increasing the number of high-quality and well-paid jobs because it invests in skills, infrastructure and innovation, as well as building long-term strategic partnerships with businesses through sector deals between the Government and industry.
As my hon. Friend will be aware, we often talk about our being the fifth largest economy, but by GDP per head we are ranked about 23rd or 24th, according to the International Monetary Fund and the World Bank. Does he agree that greater export penetration into growing markets overseas will help to raise that GDP per head and that an independent trade policy could boost that endeavour?
I agree with my hon. Friend. In his own constituency, six companies have received the Queen’s award for international trade. He understands the importance of exports. I agree that the UK needs to deploy all the tools at its disposal to support UK exporters, and a key part of that is tailoring our trade policy to the strengths and requirements of our economy and supporting the delivery of the industrial strategy.