Mayoral Renewables Fund
The question
To ask the Secretary of State for Energy Security and Net Zero, for what reason the Mayoral Renewables Fund is operating on a bidding scheme basis; and whether the fund is ringfenced.
Answered by Michael Shanks
Great British Energy (GBE) will partner with Local Authorities, Mayoral Strategic Authorities, Devolved Governments and the community energy sector to help increase the rollout of renewable energy projects.
The 2025/26 financial year is a transitional period as GBE is being established, during which the Department is supporting GBE to deliver a one-off scheme what will kick-start its relationship with the Mayoral Strategic Authorities (MSAs). The £10 million fund will be for projects that focus on renewable power generation; all MSAs will receive funding as long as eligibility criteria are met. Beyond the transitional period, GBE will work with individual MSAs to determine the most effective investment partnerships in their areas.
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