Oral Answers to Questions
Debate between Vince Cable and Simon Wright
Vince Cable
Tidal power may well have an important role to play in the long-term development of renewables and that is why it is one of the components of the new technology innovation centre that will focus on renewable energy.
Simon Wright (Norwich South) (LD)
To unlock the full growth potential of the green investment bank, the UK will need to secure state aid approval. What progress is the Secretary of State’s Department making to obtain that approval and to ensure that the legislation is introduced as soon as possible?
Vince Cable
The proposals are at such a stage that they are being referred to the European Union for state aid approval. Legislation will follow, but in the meantime the Department will be able to make available loans and other forms of investment under the green investment bank, as we originally envisaged.