Geothermal Power: Finance

(asked on 21st October 2026) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if he will consider ringfencing funding within the Energy Wealth Fund specifically for deep geothermal projects.


Answered by
Dan Tomlinson Portrait
Dan Tomlinson
Exchequer Secretary (Cabinet Office) (Jointly with HM Treasury)
This question was answered on 26th October 2026

Established within the National Wealth Fund (NWF), the Energy Wealth Fund (EWF) will invest in renewable and low carbon energy infrastructure across the UK, helping unlock growth and supporting projects that will drive the country’s transition to a low-carbon economy. Further details will be set out in due course.

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