Oral Answers to Questions

Patrick Hurley Excerpts

Tuesday 4th February 2025 Commons Chamber

[Miatta Fahnbulleh]

We have a manifesto commitment to reduce energy bills by £300. We are doing everything we can. We have a legacy of record high energy bills. We are running at clean power because we think that is the route to delivering lower energy costs. We are upgrading people’s homes because we know that is the route to delivering homes that are warmer and cleaner to run. We are doing everything we can. The Conservative party oversaw a crisis for households, so before its Members start lecturing us on what we should do, they should be hanging their heads in shame.

[Patrick Hurley (Southport) (Lab)]

4. What discussions he has had with Cabinet colleagues on opportunities for industry under the national wealth fund.

[The Secretary of State for Energy Security and Net Zero (Ed Miliband)]

The national wealth fund is an essential part of our clean energy and growth missions. Recent investments include £20 million of investment into XLCC, a subsea cable manufacturer, to develop a new facility in Scotland, creating 900 jobs; £28 million of investment into Cornish Metals to finance lithium production, supporting more than 300 local jobs; and £1 billion, working with Barclays and Lloyds, to upgrade social housing, giving people warmer homes and lower bills.

[Patrick Hurley]

I thank the Secretary of State for his answer. In the Liverpool bay area, just off the coast of my Southport constituency, we already have a number of wind farms, including the Burbo Bank scheme. Can he outline to the House what more his Department is doing to ensure that, as we put up these wind farms, jobs are created in constituencies like mine?

[Ed Miliband]

My hon. Friend asks a really important question, which Members from right across this House will agree with. The situation we have inherited from the last Government is that Germany has almost twice as many renewables jobs per capita as Britain, Sweden almost three times as many, and Denmark almost four times as many. Through a combination of Great British Energy, the national wealth fund and a clean industry bonus, we are making sure that we do not just build offshore wind in this country, but reap the huge industrial opportunity from it.