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Peak Cluster: Finance

Asked by Esther McVeyConservativeDepartment for Energy Security and Net ZeroTabled Answered 22 May 2026UIN 1152

The question

To ask the Secretary of State for Energy Security and Net Zero, what is the breakdown of where the funding for the Peak Cluster project will come from.

Answered by Michael Shanks

Government has not committed any funding for the Peak Cluster project, including for the capture facilities and the offshore storage. The National Wealth Fund (NWF) is to invest £28.6 million to support the development of the Peak Cluster CO2 transport onshore pipeline.

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