Kemi Badenoch
Main Page: Kemi Badenoch (Conservative - North West Essex)Department Debates - View all Kemi Badenoch's debates with the HM Treasury
(4 years, 2 months ago)
Commons ChamberThe Government recognise the importance of energy efficiency in achieving our climate change objectives and tackling fuel poverty. That is why in July my right hon. Friend the Chancellor announced over £2 billion of new funding to upgrade homes through the green homes grant scheme. In addition, we have a range of policies in place to support home energy efficiency improvements.
From the end of September, homeowners and landlords across England, including in my hon. Friend’s constituency, will be able to apply for vouchers to fund at least two thirds of the cost of upgrading the energy performance of their homes. In additional, Greater Manchester Combined Authority has the opportunity to bid for part of the £500 million being made available to local authorities to help low-income households directly.
The manufacturing sector has a key role to play in the Government’s ambitious agenda to build back better, which is why last week I met representatives of the UK’s major manufacturing trade associations to hear their views directly. To support the sector, we continue to provide extensive support for research and development as part of our commitment to increase it, economy-wide, to 2.4% of GDP by 2027.
Many of the communities that voted for Conservative MPs for the first time in the recent election rely on our key manufacturing sectors such as aerospace and automotive for jobs. Given that the Government were prepared to create a £3 billion demand stimulus for the housing market, which was not as adversely affected by the pandemic, why will they not do a lot more to protect those jobs and communities with a demand stimulus for aerospace and automotive, which is desperately needed?
The Government are acutely aware of the demands required across various sectors. The hon. Lady mentions the aerospace and automotive sectors, which the Government are supporting with over £8.5 billion through the covid corporate financing facility, grants for research and development, loans and export guarantees expected over the next 18 months. There is also further support in place for the automotive industry through the Budget, in which the Government committed over £1 billion to promote the uptake of ultra-low emissions vehicles, including up to £500 billion to support the roll-out of a superfast charging network. Those amounts will help those various sectors.
The Government have a range of schemes that have been supporting businesses throughout the pandemic, as my colleagues have mentioned time and time again. If my hon. Friend has specific requests from the businesses in his constituency, I am very happy to discuss those with him so that we can work out the best way to continue to spur economic recovery.
We have been looking at this relief for several years now, and the changes that we have made are going to benefit the vast majority of brewers. The smallest brewers will be exempt from most of the changes, and those brewers who have been unable to grow will now be able to do so. We had a long consultation and quite a few brewery groups have been very supportive of this change. We will have further announcements to come after the next technical consultation on this relief.
In order to allow the safe exit of hon. Members participating in this item of business and the safe arrival of those participating in the next, I am now suspending the House for a few minutes.