Hydrogen: Manufacturing Industries
The question
To ask the Secretary of State for Business and Trade, what steps he is taking to encourage investment into the UK hydrogen technology manufacturing sector.
Answered by Chris McDonald
The Industrial Strategy set out our public finance offer to crowd private investment into clean energy industries, including our hydrogen economy. This includes: £1bn Clean Energy supply chain fund; £5.8bn for the National Wealth Fund to invest this Parliament in clean industries; and a £4bn British Business Bank Growth Capital scale and start up financing package. The proposed British Industrial Competitiveness Scheme will reduce electricity costs for manufacturing supply chains in priority clean energy sectors such as hydrogen, making the UK an even more competitive place to invest.
My officials work with the Department for Energy Security & Net Zero to showcase investment opportunities and our world-class hydrogen sector capability.
Verbatim has judged this answer against the question that was actually asked — answered, partly answered, or evaded. Sign in to see the verdict →