Great British Energy: Finance
The question
To ask the Secretary of State for Energy Security and Net Zero, what the budget is for GB Energy in the 2024-25 financial year; how much and what proportion of that budget has been spent; and what GB Energy has spent its funding on.
Answered by Michael Shanks
Great British Energy (GBE) was allocated £11.1million for 2024/25, and a further £125 million was allocated in the Autumn Budget 2024 to set up GBE in FY 25-26. This will enable GBE to begin the roll out of local projects alongside other functions.
Information on departmental expenditure is made publicly available the usual way through the Department's annual report and accounts.
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