Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment he has made of the potential merits of further increasing funding for tidal energy; and if he will make a statement.
The Government announced in November that the fourth Contracts for Difference allocation round will feature a £20 million annual ringfenced budget for tidal stream energy.
The Government remains open to considering well-developed proposals for harnessing the tidal range energy in the bays and estuaries around the UK’s coastlines, including barrage schemes and other alternatives. Any proposal would need to demonstrate strong evidence of value for money when the Government takes a view on its potential.