Carbon Capture, Usage and Storage: Finance

(asked on 28th August 2026) - View Source

Question to the Department for Energy Security & Net Zero:

To ask the Secretary of State for Energy Security and Net Zero, what level of (a) financial support and (b) capital funding has been provided to carbon capture, utilisation and storage projects in England.


Answered by
Martin McCluskey Portrait
Martin McCluskey
Parliamentary Under-Secretary of State (Department for Energy Security and Net Zero)
This question was answered on 8th September 2026

At Spending Review 2025, £9.4bn was allocated in capital budgets to cover the costs over the spending review period for filling out the storage capacity in HyNet and East Coast clusters, as well as smaller amounts development funding for Acorn and Viking.

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