Asked by: Stephen Kerr (Conservative - Stirling)
Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy, what plans the Government has for the development of tidal energy resources.
Answered by Claire Perry
The Government has a long history of supporting the development and deployment of tidal stream technologies in the UK. Since 2010, various bodies across Government have made almost £80m of grant funding available to the wave and tidal stream sectors. Tidal stream projects are eligible to enter the forthcoming Contract for Difference allocation round.
Asked by: Stephen Kerr (Conservative - Stirling)
Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy, what level of support the British Business Bank has provided to businesses in Scotland in each year since its establishment.
Answered by Kelly Tolhurst
Since its establishment in 2014, the British Business Bank has facilitated over £27.6m to 684 Scottish businesses in the 2014/15 financial year (FY), over £81.9m to 1,484 Scottish businesses in FY 2015/16, over £267.5m to 1,895 Scottish businesses in FY 2016/17, and over £291.6m to 2,881 Scottish businesses in FY 2017/18. These figures include Start-up loans from 2014.
Since launching in 2012, the BBB Start-Up Loans programme specifically (which became part of the Business Bank in 2014) has issued over 3,500 loans in Scotland, averaging £7,200 each and worth over £25m in total.
The British Business Bank is a Limited Partner for the three largest VC funds in Scotland (SEP, PenTech, and Panoramic) with over £80m invested in innovative, high growth companies.
Asked by: Stephen Kerr (Conservative - Stirling)
Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy why Contracts for Difference (CfD), for what reasons strike prices have been higher for dedicated biomass technologies than for offshore wind during CfD allocation rounds two and three.
Answered by Claire Perry
In CfD Allocation Round 2 dedicated biomass and offshore wind cleared at the same strike price of £74.75MWh for delivery year 2021/22.
The Administrative Strike Prices (ASPs) set out the maximum support that the Government is willing to offer developers for each technology in a given delivery year. In setting the ASPs, the government has drawn upon the latest generation cost data, while also considering market conditions, policy considerations and other technology specific factors in order to encourage new investment whilst ensuring value for money for consumers.
The methodology used to determine the draft ASPs for the third allocation round is published here: https://www.gov.uk/government/publications/contract-for-difference-cfd-third-allocation-round-methodology-used-to-set-administrative-strike-prices
CfDs are awarded in a series of competitive auctions, with the lowest price bids being successful as a means of driving cost reduction and project efficiencies.
Asked by: Stephen Kerr (Conservative - Stirling)
Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy if he will make it his policy to create parity under Contract for Difference allocation rounds two and three between dedicated biomass with CHP and offshore wind; and if he will make a statement.
Answered by Claire Perry
A draft budget notice was published in November 2018, which outlined the proposed Administrative Strike Prices (ASPs) for all technologies eligible to compete in the next allocation round, this notice can be found here: https://www.gov.uk/government/publications/contracts-for-difference-cfd-draft-budget-notice-for-the-third-allocation-round
In setting the ASPs, the government has drawn upon the latest generation cost data, while also considering market conditions, policy considerations and other technology specific factors in order to encourage new investment whilst ensuring value for money for consumers.
The methodology used to determine the draft ASPs for the third allocation round is published here: https://www.gov.uk/government/publications/contract-for-difference-cfd-third-allocation-round-methodology-used-to-set-administrative-strike-prices