Great British Energy: Private Sector
(asked on 30th July 2024) - View Source
Question to the Department for Energy Security & Net Zero:
To ask the Secretary of State for Energy Security and Net Zero, what proportion of Great British Energy's budget will be allocated to early development work to help de-risk private sector investments over the next five years.
Answered by
Michael Shanks
Parliamentary Under Secretary of State (Department for Energy Security and Net Zero)
Great British Energy will be an operationally independent company capitalised with £8.3 billion over this Parliament. The exact proportion of investment allocated to different priorities will be a decision for Great British Energy and investment to support early development work on projects will be an important part of its work. The Secretary of State will set out Great British Energy’s strategic priorities in due course.