PARLIAMENTARY WRITTEN QUESTION
Local Area Energy Plans: Finance (5 November 2024)
Question Asked
Asked by:
Llinos Medi (Plaid Cymru)
Answer
The Local Power Plan will be delivered through Great British Energy (GBE). GBE will benefit all four nations, creating jobs and building supply chains across the UK, while respecting the devolution settlements.
GBE’s funding envelope provides a total amount to operate across all UK Nations. GBE will be capitalised with £125 million in 2025‑26 to set up the company and begin delivery on its functions.
Answered by:
Michael Shanks (Labour)
11 November 2024
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