Oral Answers to Questions Debate
Full Debate: Read Full DebateStephen Crabb
Main Page: Stephen Crabb (Conservative - Preseli Pembrokeshire)Department Debates - View all Stephen Crabb's debates with the Department for Business, Energy and Industrial Strategy
(3 years, 5 months ago)
Commons ChamberThe hon. Member makes a really important point. He will know that I have every sympathy with GKN; he will also know that we have been having ongoing conversations recently. However, it is really a difficult situation. The Department for Work and Pensions and Jobcentre Plus work coaches will provide bespoke advice and guidance. In addition, the West Midlands Combined Authority and the Greater Birmingham and Solihull local enterprise partnership have several programmes that can support GKN employees to reskill for a new job or help them to start their own business.
Since 2003, various bodies across Government have provided innovation funding of £175 million to the wave and tidal sectors. Projects remain eligible to compete in contract for difference auctions. We have also set a target of 1 GW by 2030 for floating offshore wind to stimulate investment. We are currently assessing the contribution of tidal stream, wave power and tidal range generation, following the call for evidence last September.
As my right hon. Friend knows, and as I hope she will see if she visits Pembrokeshire, my constituency is emerging as an important hub for marine energy, but technologies such as tidal stream need the same revenue support that we gave to solar and wind to unlock private investment and reduce costs over time. To that end, will she assure us that the parameters of the CfD auction round later this year will be set to ensure that new tidal stream and other marine renewable projects can be developed?