Capital Investment

(asked on 14th January 2025) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, with reference to paragraph 3.52 of the Autumn Budget 2024, what the aggregate capital cost before subsidy is of the 11 projects.


Answered by
Darren Jones Portrait
Darren Jones
Chief Secretary to the Treasury
This question was answered on 22nd January 2025

Approximately £413 million of capital will be invested in these projects, across the UK, between 2024-2026, in addition to over £90m of grant funding from the Net Zero Hydrogen Fund. This information is available on gov.uk via the following link:

Hydrogen Production Business Model / Net Zero Hydrogen Fund: HAR1 successful projects (published December 2023) - GOV.UK

The LCCC register includes details of every project which has signed a Low Carbon Hydrogen Agreement and can be found here: https://register.lowcarboncontracts.uk/?allocation_round=%7B%22operator%22%3A%22is%22%2C%22value%22%3A%22Hydrogen+Allocation+Round+1%22%7D

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