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Great British Energy: Innovation

Asked by Dave DooganScottish National PartyDepartment for Energy Security and Net ZeroTabled Answered 6 September 2024UIN 2478

The question

To ask the Secretary of State for Energy Security and Net Zero, whether any of Great British Energy's 8.3bn budget will be spent on funding (a) the offshore renewable energy catapult and (b) other existing technology investment initiatives.

Answered by Michael Shanks

Great British Energy will invest in, own and operate projects which will produce clean, cheap and homegrown energy and make Britain energy secure. It will be backed by a capitalisation of £8.3bn of new money over this Parliament.

Government will clarify the relationship between Great British Energy and existing technology investment schemes and initiatives, such as the Offshore Renewable Energy Catapult, in due course.

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