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My hon. Friend is spot on. Many people are watching the Government’s approach to this—not only investors, but people who question whether we have the technical capability and the political will to proceed with this type of project. He is absolutely right that, as long as the Government do not prevaricate about the outcome of the review, they have the chance to put right the concerns that he raises.
I apologise for turning up late because of the vote in the Chamber. I commend my hon. Friend for securing this debate. Is not the issue that we are at the proof of concept stage? The review is very welcome. I know that we need time on our side, but proof of concept is a difficult stage for any project. Although we wholly support it, we need to review it and look at the financing.
I think I understand my hon. Friend’s comment. I should have said earlier that we are not unique in using tidal power. This technology has, in various forms, been tried and tested in other parts of the world, so there are not significant doubts about its workability. We should look elsewhere to ensure that the lessons learned from projects in other parts of the world are applied here.
The hon. Gentleman, and my neighbour, is right to raise that point. S4C has been emphatic that whatever the funding settlement, it will not have an impact on their relocation plans. Inevitably, however, there is bound to be a consequence of some sort, but the move from Cardiff to Carmarthen is not in jeopardy and is going ahead on time and as planned.
Moving on to the budget element, we are all guilty in this House of approving of other people’s budgets being cut and other people’s Departments being slimmed down while putting up a robust case for why our particular areas of interest should somehow be exempt or shown special treatment. This is not the case with S4C. It has made significant inroads already as far as its overheads are concerned, with a reduction of 36% since 2010 compared with 20% at the BBC. Let us not forget that 90% of its money comes from the licence fee, while the rest comes direct from a contribution by the Department for Culture, Media and Sport.
I conclude, as we always do in these kinds of debates, with a list of simple observations and questions for the Minister. First, I can find no argument not to defer cuts pending an independent review of the specific and unique role of the channel. The review should include the impact of the channel on the society, culture and economy of Wales.
I do not share wholeheartedly in the congratulations on the channel moving from my constituency to my hon. Friend’s constituency, but before he embarks on his argument about budgets and cash let me say that the issue is not just about cash. The cultural importance of the channel to Wales cannot be overstated. I just wanted to say that, as the channel moves from Cardiff to Carmarthen.
That seems to be the view of the House. I hope the Minister takes on board that we have Liberal Democrat, Plaid Cymru, Labour, Conservatives and even Scottish National party Members here—a pretty wide representation—making that very important cultural point.