Great British Energy: Finance
(asked on 16th July 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 additional £700 million of funding for Great British Energy announced in the Clean Energy Industries Sector Plan, published on 23 June 2025 will be spent on.
Answered by
Michael Shanks
Parliamentary Under Secretary of State (Department for Energy Security and Net Zero)
The Great British Energy (GBE) Supply Chain fund is £1 billion, as announced in the Clean Energy Industries Sector Plan published on 23 June 2025. This will help ensure the clean energy revolution is built in Britain.
Up to £300 million of the fund is committed grant funding for manufacturing offshore wind components.
GBE will invest a further £700 million in clean energy supply chains. Where this will be invested will be determined through market engagement and working alongside HMG Public Finance Institutions to develop the right delivery approach according to market needs.