Richard Baker is the Labour MP for Glenrothes and Mid Fife.
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Renewables is a key and growing part not only of the Scottish economy, but of our local economy in Glenrothes and Mid Fife. Along with GB Energy focused on establishing Scotland and the UK as a green energy powerhouse, the National Wealth Fund opens up the potential for us to invest in our renewables infrastructure. As we seek to secure a long-term future for the Methil fabrication yard in my constituency, investment in the facilities of that yard would ensure that the 200-strong skilled workforce can play a vital role in taking forward our ambitions for our renewables sector.
Full debate: Income tax (charge)
It is very appropriate that InchDairnie has taken that foresighted approach to its energy use when, in Buckhaven in my constituency, SGN is investing in a pilot programme for domestic hydrogen use in 300 homes in the community. That virtuous cycle continues with the hydrogen boilers used in those homes that were let by Bosch, which is a major employer in Glenrothes. The importance of those and many other renewable businesses in my constituency shows how vital the decision has been by this UK Government to deliver a step change in our ambition for Scotland and the UK to be a green energy powerhouse. That is why this Government’s decision to establish GB Energy, headquartered in Scotland in the wonderful city of Aberdeen and backed by £8 billion of investment from the windfall profits of oil and gas giants, is such a vital initiative for Scotland and for my constituency. This morning we have heard no alternative proposal to invest billions of pounds in that vital industry for the future.
To conclude, I very much agree with the hon. Member for Caithness, Sutherland and Easter Ross (Jamie Stone) on the importance of our fabrication yards for the future of this industry. The Methil yard in my constituency that is currently going to be sold, with that process taking place under Harland and Wolff, has a fantastic role to play in the future of our renewables sector. The contribution of the 200 steelworker apprentices at that yard will be vital if we are to achieve that crucial ambition for Scotland and the UK to be a leader in green energy for the future.
Full debate: Scotland’s Economy