Industrial Strategy Debate

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Industrial Strategy

Martin Horwood Excerpts
Monday 10th September 2012

(11 years, 8 months ago)

Commons Chamber
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Vince Cable Portrait Vince Cable
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I am certainly very happy to talk to my colleague the Secretary of State for Defence about the cost-benefit analysis he will have undertaken in order to make that decision. Historic associations are not really a good base for business decisions; none the less, the right hon. Gentleman has made a case and I will try to establish why that business decision was made.

Martin Horwood Portrait Martin Horwood (Cheltenham) (LD)
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May I congratulate the Secretary of State on visiting the Sustainable MotoExpo in my constituency over the weekend, and on the support it demonstrated for green technology design and engineering, which the Government are already giving through bodies such as the Technology Strategy Board? I hope that that continues and increases.

Vince Cable Portrait Vince Cable
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My colleague reminds me of an event that took place on Saturday in Cheltenham that was a very good advertisement for the industrial strategy approach I am describing. The Government have put some £400 million into the development of electric vehicles, and my colleague the Secretary of State for Transport has supported the bounty for charging points. We are now seeing that technology getting to a take-off point. My hon. Friend showed me dozens of examples of small and large car makers in his constituency—led by the Nissan Leaf, which we have been supporting directly—that will make this a major industry in future years.