(10 months, 3 weeks ago)
Commons ChamberThe hon. Lady and the SNP really do have a brass neck speaking about business costs, given their own policy of setting up a hard border at Berwick, next to my constituency. That would risk thousands of jobs and force thousands of companies out of business—it would be a most damaging and reckless economic step. We will work through any short-term issues, but the answer is not the long-term decline proposed by the SNP.
Supporting economic growth in Scotland remains a core priority of the Scotland Office. We are focused on long-term economic growth, generating more jobs and boosting business investment. That is exemplified by investment of up to £372 million in the Scottish freeport and investment zones programmes, on top of our £1.5 billion-worth of investment into growth deals across the whole of Scotland.
The former right hon. Member for Kingswood and Government net zero tsar, Chris Skidmore, said that what businesses and investors need from the Government is certainty, clarity, consistency and continuity. Never has that been more true than in Scotland, where there is huge potential for businesses and communities to flourish as a result of the green transition. However, they are not getting the certainty, clarity, consistency and continuity that they need from this Government, are they?
I do not accept that analysis. For example, the UK has a world-leading ambition to deploy up to 50 GW of offshore wind by the year 2030, with up to 5 GW coming from offshore floating wind. Offshore wind provides secure, domestically generated electricity and will play a key role in decarbonising the UK power system by 2035, achieving net zero by 2050. I do not share the hon. Lady’s analysis of this Government’s focus in that area.
(1 year, 3 months ago)
Commons ChamberI am not sure whether the hon. Gentleman actually listened to my first answer, but more than £40 million has been allocated by the United Kingdom Government to the development of this technology. The Government will commence engagement and assessment of delivery plans and due diligence on the Acorn and Viking transportation and storage systems and will engage with them directly in respect of the next steps to develop those. We will set out the process by which capture products in track 2 will be selected to meet the stated ambitions in due course.
When it comes to growth, the hon. Lady will have noted that the economic data shows that we have recovered better from the pandemic than France, Italy or Germany. Supporting economic growth in Scotland remains a core priority of the Scotland Office, exemplified through our work in investing in the city and regional growth deals and in delivering freeports and investment zones in Scotland, which has brought tens of millions of pounds in investment and has created highly paid jobs.
There is huge potential for offshore wind in Scotland and it is an important part of the transition to a green economy there. What conversations will the Minister be having with the offshore wind sector following the absolutely disastrous contracts for difference round last week?
I personally engage with all sectors of the energy market, including the offshore wind sector. We are very pleased with the announcements that have been made following the announcements last week and will continue to engage with the sector to see it develop across Scotland and other parts of the United Kingdom.
(1 year, 9 months ago)
Commons ChamberThe UK Government are fully committed to supporting Scotland to realise its significant renewable energy potential. Scotland has benefited greatly from the contracts for difference scheme, the Government’s main mechanism for supporting new low-carbon electricity generation projects in Great Britain. Indeed, Scotland has received 27% of all contracted projects to date.
I thank the Minister for his response. Scotland has huge potential for green investment, but all that is being put at risk by an exodus of capital, given what Joe Biden is doing with the Inflation Reduction Act 2022 in the US. What is the UK Government’s response to the Inflation Reduction Act so that we can secure investment in Scotland and in the rest of the UK?
I agree with the hon. Lady’s comments about Scotland’s potential in the renewable sector. I will allow my colleagues in the Treasury to respond to the point that she made about the US policy. In relation to other opportunities for Scotland, I am very keen to work in my role in the Scotland Office to develop that. If the hon. Lady wants to join me in doing that, I would be very happy to engage with her further.