Here are the climate-related sections of speeches by MPs during the Commons debate Financial Assistance to Industry.
00:04 Justin Madders (Labour)
That the Committee has considered the motion, That this House authorises the Secretary of State to undertake, during the period beginning with the date of approval of this motion and ending on 31 July 2030, to pay, by way of financial assistance under section 8 of the Industrial Development Act 1982, grants to businesses as part of His Majesty’s Government’s project to support zero-emission vehicle manufacturing in the UK and the UK’s automotive supply chain, including to support the creation of jobs, private investment into the UK, the development of the automotive industry and emission reductions, up to an overall limit of £1 billion, and to pay during or after that period the grants that are undertaken to be paid.
Despite our many well-established strengths, the UK and indeed the global automotive sectors are facing real economic pressure while also transitioning to a zero emission vehicle future. With those challenges come a wealth of opportunities, however. Last month, the Government fulfilled a promise to publish our long-term, modern industrial strategy. That plan unites the whole of Government behind a single purpose, tackling issues across skills, regulation, energy prices and infrastructure. Crucially, the strategy will promote investment and growth in advanced manufacturing sectors, at the heart of which is UK automotive.
As part of DRIVE35, we propose today to commit £1 billion through section 8 of the Industrial Development Act 1982 to support zero emission vehicle manufacturing in the UK. This will be an inclusive and wide-ranging support offer for our automotive sector, and it will be available for businesses of all stages, sizes and maturity, supporting growth in every corner of the UK. DRIVE35 will serve a broad spectrum of technologies, from established high-volume vehicle manufacturing and multibillion-pound gigafactories all the way to start-ups, prototypes and cutting-edge automotive innovation. It will build on the successes of the automotive transformation fund and Advanced Propulsion Centre research and development competitions, which have unlocked more than £6 billion in private investment.
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18:10 Greg Smith (Conservative)
With fleet sales removed, new EV registrations prove that this is just not a technology that people trust, desire or are willing to spend their hard-earned money on. The Conservatives previously pushed the zero-emission vehicle mandate transition date back to 2035, but this Government have brought it forward to 2030. The need for this subsidy––let us call it what it is––is a clear indication that the Government are struggling to persuade consumers to switch to electric vehicles.
We warned the Government that that would be the outcome. However, driven by an ideological approach to net zero, they ignored those warnings. This is yet another example of how the Government’s unrealistic climate targets are contributing to the rising cost of living for ordinary British families. Many other countries have opted for a 2035 target, recognising the economic and logistical challenges of any earlier deadline. In contrast, the UK’s 2030 mandate risks placing an undue financial burden on families here, forcing them to purchase more expensive vehicles while others abroad can wait and benefit from falling prices.
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