The Government’s promise of battery technology investment is a re-announcement of funding – Long-Bailey

Rebecca
Long-Bailey MP, Labour’s Shadow Secretary of State for Business, Energy and
Industrial Strategy, commenting
on the Government’s industrial strategy announcement, said:

‘’Today’s
‘announcement’ is something of a damp squib. The Government’s promise of
investment in battery technology is simply a re-announcement of funding
promised back in April as part of the Industrial Strategy Challenge Fund, and
their record of supporting emerging green industries is abysmal.

“Labour’s
plans for energy market reform would see consumers’ bills slashed by £120 and
our industrial strategy to create one million good jobs and ensure that we find
60 per cent of our energy from renewable sources by 2030 has real teeth, backed
up our £250 billion National Transformation Fund.

“This
scale of vision and investment is what is needed to transform the UK economy,
not a re-announcement of the same small pot of funding.’’