Context
The MP referenced private sector investment since the general election, including £28 million into South Crofty tin mine and £35 million into Cornish Lithium. He also mentioned SSE's £33 billion investment with 80% for grid upgrades.
Question
Critical minerals are essential to power our renewable energy future. Since the general election, the National Wealth Fund has invested £28 million into the South Crofty tin mine and £35 million into Cornish Lithium, both in my constituency of Camborne Redruth and Hayle. This is alongside major clean energy investment nationwide, including £33 billion from SSE, with 80% going into upgrading the UK’s power grid. Does the Minister agree that this is exactly the kind of long-term investment that we need, using public funding to crowd in private investment, which was inexplicably ignored by the Conservatives and would be cancelled by Reform?
Answer from The Parliamentary Under-Secretary of State for Energy Security and Net Zero (Chris McDonald)
The Government recognise the important role of the public sector and private sector working together to unlock these benefits, such as in critical minerals. The Minister thanked the MP for his invitation to visit companies mentioned in Cornwall, expressing readiness for a soon-to-be-arranged visit.
Not addressed: The minister did not directly address whether they agree with public-private investment strategies or if they were ignored by Conservatives and would be cancelled by Reform.
How: Thanks The Mp For An Invitation Instead Of Answering The Question.
Was this summary accurate? Tell us
How accurate was this summary? (1 = poor, 5 = spot on)