Speech in Grand Committee - Thu 20 Nov 2025 Private Equity
"I thank my noble friend Lord Monks for securing this debate and all noble Lords for their contributions this afternoon. It has been an energetic debate that has covered all bases in the discussion around private equity. The role of private equity is a salient issue for the UK economy, …..." Lord Wilson of Sedgefield - View Speech
"I thank the noble Earl for that question as well. Obviously, we will publish the strategy when we are ready to do so, and we want to press ahead with that. We want to make sure that the money we spend on investment takes the industry in the right direction. …..." Lord Wilson of Sedgefield - View Speech
"I thank the noble Lord for his question, which raises a very important issue. It is fair to say that hydrogen cannot provide all the answers to issues around energy provision, but it can reach those hard-to-reach businesses such as steel and chemicals, for example. We need to set up …..." Lord Wilson of Sedgefield - View Speech
"We are always open to reviewing what the Government do in all varieties of ways to do with tax. We will have to wait to see whether there is anything on that in the Budget next week. As I said, we are investing in the supply chain. We want to …..." Lord Wilson of Sedgefield - View Speech
"On fuel cells in general, we can say that the industry has funded R&D for zero-emission technologies and transport through a number of programmes, including the zero-emission HGV and infrastructure demonstrator programme. Nearly 300 zero-emission HGVs have been produced and there are 73 planned infrastructure locations, while battery electric HGVs …..." Lord Wilson of Sedgefield - View Speech
"I thank the right reverend Prelate for that question. We are investing in trying to produce as much green hydrogen as we possibly can. It is a key area of hydrogen production, and we want to ensure that everything that we do is going to be carbon-neutral. Obviously, that is …..." Lord Wilson of Sedgefield - View Speech
"I thank my noble friend for that question. Obviously, homegrown hydrogen is the way forward. The Government are considering expanding the clean industry bonus to hydrogen and will consult on proposals and publish the hydrogen strategy in the future. The UK is well placed to develop a thriving hydrogen technology, …..." Lord Wilson of Sedgefield - View Speech
"I thank the noble Baroness for her question. I congratulate Scotland on qualifying for the World Cup, and there were some really good goals last night. It was really sad to hear that news about the plant at Mossmorran, which produces ethylene for export, employing 179 people. The Minister has …..." Lord Wilson of Sedgefield - View Speech
"I thank the noble Baroness for that question. This is a very important sector that the Government are working on, and we want to see it improve. The Government highly value regular engagement with the industry. We will be meeting the industry next week, on 26 November, to work out …..." Lord Wilson of Sedgefield - View Speech
"The Clean Energy Industries Sector Plan sets out a clear plan to boost growth in the UK hydrogen industry, including: deployment certainty for future hydrogen allocation rounds; launching the first transport and storage allocation round in hydrogen to power our business model next year; exploring options to expand the clear …..." Lord Wilson of Sedgefield - View Speech