Oral Answers to Questions

Debate between Sarah Jones and Rachel Hopkins

Tuesday 29th April 2025 Commons Chamber

[Rachel Hopkins (Luton South and South Bedfordshire) (Lab)]

16. What discussions he has had with Cabinet colleagues on the opportunities for industry through the National Wealth Fund.

[The Minister for Industry (Sarah Jones)]

The National Wealth Fund has a critical role to play alongside Great British Energy in driving investment and jobs into clean energy industries. The fund is already making great progress, including participating in the latest round by GeoPura, a UK-based green hydrogen pioneer, as well as supporting critical minerals in Cornwall, as part of our mission for clean power by 2030.

[Rachel Hopkins]

Our Labour Government are driving economic growth in Luton and Bedfordshire through our support for the sustainable expansion of Luton airport and the exciting new Universal Studios. Does the Minister agree that we need to match those positive developments with incentivising investment in renewable energy to ensure that the pursuit of growth contributes to meeting our climate commitments?

[Sarah Jones]

The Government welcome the plans to invest in and around Luton, including the expansion of Luton airport and the incredibly exciting Universal theme park, which is on the “perfect site”, as its president said. It also has perfect MPs. These projects, along with the mass clean power investments we are delivering, will grow the economy and deliver direct benefits to the communities that host this vital clean power infrastructure which will take all of us off the fossil fuel market rollercoaster.