Question to the Department for Energy Security & Net Zero:

To ask the Secretary of State for Energy Security and Net Zero, what steps he is taking to ensure that decision making about the return of the BCSSS investment reserve can be made as swiftly as possible.

I met the BCSSS Trustees on 22 April, 11 June and 22 July and confirmed the Government’s commitment to considering their proposals regarding the reserve and the future of the scheme. DESNZ will now engage HM Treasury with a view to agreeing a way forward on the transfer of the reserve to members.

I am aiming to reach agreement on an outcome that can be implemented later this year which will benefit scheme members.