Great British Energy: Finance

(asked on 12th March 2025) - View Source

Question to the Department for Energy Security & Net Zero:

To ask the Secretary of State for Energy Security and Net Zero, what the budget is for GB Energy in the 2024-25 financial year; how much and what proportion of that budget has been spent; and what GB Energy has spent its funding on.


Answered by
Michael Shanks Portrait
Michael Shanks
Parliamentary Under Secretary of State (Department for Energy Security and Net Zero)
This question was answered on 17th March 2025

Great British Energy (GBE) was allocated £11.1million for 2024/25, and a further £125 million was allocated in the Autumn Budget 2024 to set up GBE in FY 25-26. This will enable GBE to begin the roll out of local projects alongside other functions.

Information on departmental expenditure is made publicly available the usual way through the Department's annual report and accounts.

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