Charles Kennedy
Main Page: Charles Kennedy (Liberal Democrat - Ross, Skye and Lochaber)(13 years, 3 months ago)
Commons ChamberRead Full debate Read Hansard Text
Charles Hendry
We took a view that the best way for the funding to go forward was through an economic generation programme linked specifically to manufacturing projects, meaning that it ceased to be a ports programme and became an economic development matter. Funding was allocated through the Barnett formula to the Welsh Assembly Government for them to take forward their own programmes in the area, and we have also asked the Crown Estate to work with ports throughout the United Kingdom to see how they can all benefit from the renaissance.
Mr Charles Kennedy (Ross, Skye and Lochaber) (LD)
Given the huge obvious potential in the sector, the Minister will understand the renewable energy sector’s natural impatience to know how the green investment bank is progressing and whether the Department is receiving the necessary support that it looks for from the Treasury. Given that potential, can he update us on how things are progressing towards May? Big sites, such as Nigg and Kishorn in my constituency, are really looking to the Government for a lead.
Charles Hendry
My right hon. Friend picks up on an issue that is of great interest across the House. We are making good progress on the discussions about a green investment bank, and an announcement will be made shortly. We see this as a fundamental building block for bringing new investment into an area which is a massive driver for economic growth and recovery in this country.