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

To ask the Secretary of State for Business, Energy and Industrial Strategy, how much funding he plans to allocate to new tidal power technology in 2023.

In December 2022 the Government published the core parameters for all technologies for the fifth Contracts for Difference allocation round (AR), including for tidal stream:

https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1124052/cfd_ar5_core_parameters.pdf.

The final Budget Notice containing full details about AR5 auction parameters will be published in March 2023.