Oral Answers to Questions

Mary Glindon Excerpts

Tuesday 4th March 2025 Commons Chamber

[Darren Jones]

I find it odd that Members on the Conservative Benches do not welcome an additional £7 billion of investment into our economy; it is rather a testament to their poor performance on investment over many years in government. To answer the hon. Gentleman’s specific questions, I can confirm that each of the business cases for Grangemouth will have to go through the normal process for sign off, and that John Flint leaving the National Wealth Fund is not in any way connected to the decisions taken by this Government. We look forward to appointing his successor in due course.

[Mary Glindon (Newcastle upon Tyne East and Wallsend) (Lab)]

7. What steps she is taking to encourage investment in Newcastle upon Tyne East and Wallsend constituency.

[The Parliamentary Secretary to the Treasury (Torsten Bell)]

This is an important question when, shockingly, household incomes in the north-east hardly grew over the long 14 years of the previous Conservative Government. We need to raise public and private investment, which is why we are working with the north-east combined authority on its local growth plan. The Office for Investment is working particularly closely with the north-east, alongside Liverpool, on developing local growth opportunities.

[Mary Glindon]

With the town’s access to the world’s biggest offshore wind farm, a cluster of advanced manufacturing firms and an expanding energy skills academy, more of Newcastle upon Tyne East and Wallsend’s potential is yet to be tapped. What discussions is the Minister having with the Energy Secretary to ensure that the investment is there and that green supply chains are anchored in places such as Tyneside?

[Torsten Bell]

I have spent far too much of my life talking to the now Energy Secretary, but my hon. Friend is right to highlight the potential of green energy supply chains in her constituency and across the north-east. This is a Government committed to securing economic gains alongside energy security from the energy transition —in stark contrast to the previous Government, who thought the net zero transition was something on which to create dividing lines, not jobs.