Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, what steps he is taking to scale up local authority-led green investment opportunities to make them more attractive to institutional investors.

The Green Finance Strategy, supported by the Greening Financing Roadmap, sets out how the Government is working with local authorities and institutional investors to attract finance into green investment opportunities.

As part of the Government’s overall approach, the BEIS Local Net Zero Hubs support local authorities to develop net zero projects that can attract commercial investment.

In 2022 there was a call for evidence to update the Green Finance Strategy, and this asked for evidence on how local authorities can best support the mobilisation of public and private investment. An updated Green Finance Strategy will be published in due course.