Great British Energy
The question
To ask the Secretary of State for Energy Security and Net Zero, what estimate he has made of the cost to the public purse of setting up GB Energy.
Answered by Michael Shanks
The cost to the taxpayer of Great British Energy set-up and investments will be carefully managed and monitored through parliament. As set out by Cabinet Office guidance on setting up new public bodies, a full business case will be developed for GBE, which will be published on Gov.uk in due course. Great British Energy investments will be subject to safeguards and risk assessments similar to established public finance institutions.
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