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Vince Cable announces large investment in low-carbon jobs
August 13, 2010 5:50 PM
Originally published by Saffron Walden Constituency Liberal Democrats
Originally published by Saffron Walden Constituency Liberal Democrats
During a visit to the Corus plant in Redcar, the Business Secretary Lib Dem Vince Cable unveiled a funding package worth £4.6m from the Tees Valley Industrial Programme for 14 projects in the region. Of this package, £1.3m will help develop Carbon Capture and Storage technology, which will be vital in reducing carbon emissions while ensuring Britain's energy supply.
Before and during the General Election campaign, the Liberal Democrats made clear that one of the party's absolute priorities was to help the economy recover and make sure Britain builds a secure, sustainable economy, creating new green jobs for those who have suffered in the recession. Now in Government, Liberal Democrat Cabinet Ministers Vince Cable and Chris Huhne, the Energy and Climate Change Secretary, have announced ambitious plans to ensure this happens.
Vince Cable said:
"Continued investment in the North East is extremely important as we rebalance our regional economies, but this needs to be the right kind of support. It's vital that any grants will garner real benefits for businesses and communities by growing local economies and skills.
"That's why I am delighted to announce this funding, especially for Carbon Capture and Storage, which the North East is well placed to capitalise on. These projects will create a wealth of opportunities for local businesses and create new highly-skilled jobs."
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