Feed-in Tariffs Scheme Debate

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Feed-in Tariffs Scheme

Thérèse Coffey Excerpts
Thursday 24th May 2012

(11 years, 11 months ago)

Commons Chamber
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Lord Barker of Battle Portrait Gregory Barker
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I can indeed. I can also say that, within the past few days, I have met the chief executive of Carillion, who was very confident and positive about both the green deal and the way we propose to take forward the wider green agenda.

Thérèse Coffey Portrait Dr Thérèse Coffey (Suffolk Coastal) (Con)
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I thank my hon. Friend for the statement. It shows that we are incentivising companies to cut costs and that we no longer have an unaffordable scheme that simply allows people to get rich from a financial investment. The typical rate of return of 6% shows that people can do the right thing and still get a small reward.

Lord Barker of Battle Portrait Gregory Barker
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My hon. Friend is, once again, absolutely right. We have taken the scheme from one that was for the lucky few who were able to afford high-cost installations to one that helps to encourage reductions in the cost of solar installation, and offers a sensible reward for people to do the right thing through well sited installations. It has gone from being a scheme for the few to a scheme for the many.