Local Area Energy Plans: Finance

(asked on 5th November 2024) - View Source

Question to the Department for Energy Security & Net Zero:

To ask the Secretary of State for Energy Security and Net Zero, how much Local Power plan funding will be allocated between each of the UK nations.


Answered by
Michael Shanks Portrait
Michael Shanks
Parliamentary Under Secretary of State (Department for Energy Security and Net Zero)
This question was answered on 11th November 2024

The Local Power Plan will be delivered through Great British Energy (GBE). GBE will benefit all four nations, creating jobs and building supply chains across the UK, while respecting the devolution settlements.

GBE’s funding envelope provides a total amount to operate across all UK Nations. GBE will be capitalised with £125 million in 2025‑26 to set up the company and begin delivery on its functions.

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