Oral Answers to Questions Debate

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Department: Department for Education

Oral Answers to Questions

John Robertson Excerpts
Thursday 10th April 2014

(10 years, 6 months ago)

Commons Chamber
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Lord Willetts Portrait Mr Willetts
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I do congratulate that company. As part of our life sciences strategy, we are supporting high-tech medical companies large and small, and it is great to hear that they are prospering.

John Robertson Portrait John Robertson (Glasgow North West) (Lab)
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T7. The Secretary of State said earlier that investment in businesses would go ahead next year, but today we have heard about the closure of coal mines. Will the Minister explain why, according to figures from Bloomberg New Energy, investment in clean energy in the United Kingdom is due to hit a five-year low this year? What is happening to that investment?

Michael Fallon Portrait Michael Fallon
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There has been a wave of investment in energy, not least the commitment last week by Siemens to invest £300 million in two plants on the Humber that will create 1,000 new jobs. We have seen a series of projects come forward for assistance under our renewables regime, and we will be running a capacity market later this year to secure more energy investment in four years’ time.