Upcoming Business – Commons: Main Chamber (10 Oct 2017)
European Union (Approvals) Bill - Committee stage - Committee of the whole House – Greg Clark. Legislation

Upcoming Business – Commons: Main Chamber (10 Oct 2017)
European Union (Approvals) Bill - Report stage – Greg Clark. Legislation

Upcoming Business – Commons: Main Chamber (10 Oct 2017)
European Union (Approvals) Bill - 3rd reading – Greg Clark. Legislation

Written Ministerial Statements — Department for Business, Energy and Industrial Strategy: Energy Policy (14 Sep 2017)
Greg Clark: As part of preparations for EU Exit, the UK is establishing a domestic nuclear safeguards regime to ensure that the UK continues to maintain its position as a responsible nuclear state and that withdrawal from Euratom will not result in the weakening of our future safeguards standards and oversight in the UK. This Government believes that it is vitally important that the new domestic...

Business, Energy and Industrial Strategy: Industrial Strategy (Rural Areas) (12 Sep 2017)
Greg Clark: The hon. Lady knows that I have great enthusiasm for a deal in Ayrshire, and conversations around that are ongoing. I am sure that she will welcome the progress being made on the spaceport, which is important for Prestwick, and the £3.5 million support for the Halo project at the old Johnnie Walker bottling plant in Kilmarnock. A lot is being done in Ayrshire, but I would like that...

Business, Energy and Industrial Strategy: Industrial Strategy Challenge Fund (12 Sep 2017)
Greg Clark: Our exchanges this morning show the potential and the strengths that we have in successful sectors such as the automotive, healthcare and medicine, and satellite and space sectors, in which we are creating very good jobs. However, my ambition and my Department’s ambition—which I hope the hon. Gentleman shares—is to increase the proportion of women and other groups who are...

Business, Energy and Industrial Strategy: Industrial Strategy Challenge Fund (12 Sep 2017)
Greg Clark: Talking of groundhog day, the hon. Lady talks complete nonsense. The industrial strategy challenge fund and the industrial strategy Green Paper have been widely welcomed in all parts of the country. After our exchanges, I will send the hon. Lady the support it has had from the north-east of England, of which she should be aware. This is something that has long been called for. I have listed...

Business, Energy and Industrial Strategy: Corporate Governance (12 Sep 2017)
Greg Clark: We consulted widely on the Green Paper, and the set of reforms that we are making has enjoyed broad support. We are proposing to extend the holding periods for long-term share incentives from three years to five years. I think the hon. Lady played some part in the introduction of the three-year periods, and I hope that she will welcome the extension. We are also making it a more explicit...

Business, Energy and Industrial Strategy: Domestic Energy Price Cap (12 Sep 2017)
Greg Clark: Ofgem has extensive powers that would allow it to establish a cap on household energy prices that cause consumer detriment. The Competition and Markets Authority identified a consumer detriment averaging £1.4 billion a year, which I expect Ofgem to take measures to eradicate.

Written Answers — Department for Business, Energy and Industrial Strategy: Industry: Productivity (12 Sep 2017)
Greg Clark: Our Industrial Strategy’s aim is to boost earning power and productivity across the country. We will build on the UK’s world class expertise in industries such as the automotive sector in the North East, underpinned by Nissan in Sunderland, one of Europe’s most productive plants.

Business, Energy and Industrial Strategy: Electric and Autonomous Vehicles (12 Sep 2017)
Greg Clark: Our industrial strategy capitalises on our strengths as we build the next generation of motor vehicles. On 25 July, we committed £246 million to the Faraday challenge to make Britain a centre for the development of battery storage. The following day, BMW announced that the new electric Mini will be built in Oxford.

Business, Energy and Industrial Strategy: Industrial Strategy Challenge Fund (12 Sep 2017)
Greg Clark: The industrial strategy challenge fund will help to drive growth in all parts of the country by using research and development to position us well in global markets where Britain has particular strengths.

Business, Energy and Industrial Strategy: Electric and Autonomous Vehicles (12 Sep 2017)
Greg Clark: I will indeed and I am grateful to my hon. Friend for his championing of those investments. We already have an outstanding reputation in the automotive sector through our leadership and investment in both electric and automated vehicles. Ford, for example, has announced that its European smart mobility research will be based in Britain, and Nissan is conducting its automated vehicle testing...

Business, Energy and Industrial Strategy: Industrial Strategy Challenge Fund (12 Sep 2017)
Greg Clark: I have not seen the report. I will look at it, but I think it is mistaken. The challenge fund includes, for example, the Faraday challenge, which I launched at the University of Birmingham along with many industrialists and academics from across the west midlands. It is proposed that the west midlands should be at the heart of the challenge. Investment in driverless cars, and in satellites...

Business, Energy and Industrial Strategy: Electric and Autonomous Vehicles (12 Sep 2017)
Greg Clark: Yes, I will release the letter. The hon. Gentleman reminds us of the fact that the investment Nissan is making in Sunderland has secured 7,000 jobs on that site and nearly 50,000 jobs in the supply chain. It was a very welcome investment. We need to respect Nissan’s confidentiality, but I have made a commitment to the House that, when it no longer applies, I will certainly release the...

Business, Energy and Industrial Strategy: Industrial Strategy (Rural Areas) (12 Sep 2017)
Greg Clark: Some of the biggest economic opportunities are in the rural parts of the United Kingdom, and I welcome the contribution of many rural representative groups to the development of our industrial strategy, including several organisations in Ayrshire.

Business, Energy and Industrial Strategy: Electric and Autonomous Vehicles (12 Sep 2017)
Greg Clark: We are gaining international respect and attention, including from some of companies that have been mentioned, for our commitment to research and development of battery storage. That is why, through our industrial strategy, the Faraday challenge to make us the best in the world in battery storage is so important. The hon. Gentleman is absolutely right to mention charging points. We want to...

Business, Energy and Industrial Strategy: Industrial Strategy (Rural Areas) (12 Sep 2017)
Greg Clark: My hon. Friend makes an excellent suggestion. There are particular opportunities for start-ups and smaller businesses to locate in rural areas, where premises may be more available than in towns. Clustering them together so that they can support each other is an excellent suggestion and I will take it forward.

Business, Energy and Industrial Strategy: Corporate Governance (12 Sep 2017)
Greg Clark: One of Britain’s greatest assets in competing in the global economy is our reputation for being a dependable place in which to do business. In our response to the recent Green Paper on corporate governance, we set out plans to build on those strengths through greater transparency and accountability to shareholders, employees and suppliers, and others with an interest in the long-term...

Business, Energy and Industrial Strategy: Domestic Energy Price Cap (12 Sep 2017)
Greg Clark: Ofgem has yet to respond to my request. I have the power to oblige Ofgem to put a cap in place. Doing that would seem excessive, and it would require primary legislation. Ofgem has those powers, so there is no need for that. That is why, faced with this huge detriment of £1.4 billion on average, I believe it is essential that Ofgem uses the powers that Parliament has given it to...


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