Oral Answers to Questions

Andrew Stephenson Excerpts
Thursday 14th July 2016

(7 years, 10 months ago)

Commons Chamber
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Andrea Leadsom Portrait Andrea Leadsom
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On the subsidies for renewables, we have made it clear that we must balance the need to keep costs down for consumers with the need of new technologies to be subsidised in order to deploy and keep their costs down. On offshore wind, we have made it clear that we see huge potential for the cost trajectory to go down. The offshore wind industry already has a target of 50% UK content, and I am certainly encouraging it to be more ambitious. That would absolutely include the use of British steel.

Andrew Stephenson Portrait Andrew Stephenson (Pendle) (Con)
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Hinkley Point is expected to be one of the largest construction projects this country has ever seen, and it will require more than 200,000 tonnes of steel. Does my hon. Friend agree that this will provide a huge opportunity for the British steel industry?

Andrea Leadsom Portrait Andrea Leadsom
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Yes, and I would expand that to include opportunities for the supply chain right across the UK. The Government are working with the industry to develop a demand model that will provide a capability and capacity picture for the UK against the demand. Part of the aim is to identify the forward requirement for the components, which will include steel. We are working closely with new nuclear developers to create that supply chain right across UK businesses.