L

Lord Sharpe of Epsom (Con)

Speaking in the House of Lords on 25 February 2026

Debate

Energy-Intensive Industry Electricity Support Payments and Levy (Amendment) Regulations 2026

Contribution

Before the Minister comes back in, can I add to the noble Lord’s question? Of course, it is not just the manufacturing businesses that we are interested in; we need to attract data centres, which have enormous power requirements. That is partly for sovereign security reasons, as regards how we maintain our own data and the integrity of that data. What is being done to attract those businesses here? What sort of financial mechanisms are in place? Are there any plans to expand this sort of scheme to businesses that are not yet located here but that we so urgently need?

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