Growing the UK Economy

Debate between Luke Myer and Darren Jones

Wednesday 29th January 2025 Commons Chamber

[Darren Jones]

From the nature of his question, I am not sure the hon. Gentleman enjoyed the statement today. Look, there are lots of examples today, both in this statement and in the Chancellor’s commitment, that have stimulated investment and, as a consequence, will stimulate growth in the economy. The key question here is: are businesses seeing the UK as a place to invest, are they investing in the country, and are they building in Britain? The answer is: yes, yes, and yes.

[Luke Myer (Middlesbrough South and East Cleveland) (Lab)]

We have today heard a full-throated commitment from the Treasury to the Teesside’s sustainable aviation fuel industry. I thank the Treasury for listening to Teesside MPs on the revenue certainty mechanism, which will unlock millions of pounds of investment in the industry from companies such as Alfanar and Iogen. Will the Chief Secretary deliver a message from the Dispatch Box to SAF investors the world over that Teesside is open for business?

[Darren Jones]

I thank my hon. Friend and all my hon. Friends from the Teesside region, who have campaigned hard for investment in their area. I visited the plant in question when I was Chair of the Business Committee in the former Parliament, and I remember clearly the company saying how frustrating it was that the previous Government would not allow them to invest and grow the development of sustainable aviation fuel, but were instead allowing it to be imported at cost from other countries. This Government are taking a different approach, which is unlocking investment and jobs in Teesside, and across the country, in the interests of working people.