Richard Baker

It is a pleasure to serve under your chairship, Ms Vaz. In my one minute, I will talk about a real opportunity for my constituents to boost our renewable sector through the investment that has been outlined in the Budget, and also through the crucial decision made by colleagues in Government—through the hard work of the Secretary of State for Scotland and the Secretary of State for Business and Trade—to secure the future of the Methil yard in my constituency, along with the future of the Arnish yard in the constituency of my hon. Friend the Member for Na h-Eileanan an Iar (Torcuil Crichton). Together, that will save over 350 jobs and skilled apprenticeships. What a fantastic opportunity we have. I hope there will be collaboration between the Scottish and UK Governments to look at the future of both those yards. We have so much more potential in our energy sector than we are currently realising—particularly our renewable sector—and those yards have a crucial role to play. Their potential to grow the workforce and their economic impact are massive. Through the £125 million investment in GB Energy, based in Aberdeen, the opportunity is there to build for the future. With almost £5.8 billion allocated in the national wealth fund, we should be working together to look for bids for how those yards can work in the future to ensure economic benefit and growth for Scotland. Those are the priorities that we should look to for the future, and they are being offered because of the actions taken by the Chancellor in this Budget.