Clean Energy Private Sector Investment 2026-03-24
2026-03-24
TAGS
Response quality
Questions & Answers
Q1
Partial Answer
▸
Context
Private sector representatives have been discussing investments in the UK's clean energy sectors, particularly offshore wind.
What discussions has he had with private sector representatives to secure investment in clean energy industries? The allocation round 7 was a success and attracted £90 billion of private sector investment in collaboration with sector councils. However, competing against lower-cost regions remains a concern for fabricators. Will the Minister ensure that the Clean Industry Bonus is robust enough so that developers buy from British yards?
The allocation round was incredibly successful, attracting £90 billion of private sector investment. The Clean Industry Bonus will support jobs in the north-east where we forecast an increase of 20,000 jobs and ensure that supply chain jobs remain in the UK.
▸
Assessment & feedback
The robustness and creativity of the CIB to compete with lower-cost regions was not directly addressed.
Response accuracy
Q2
Partial Answer
▸
Context
The Clean Industry Bonus was set out as an innovative principle in a roundtable hosted by the questioner. Developers need assurance that this scheme will be robust to compete with lower-cost regions.
At a roundtable I hosted last year, the Secretary of State set out the principles behind the clean industry bonus. However, competing against lower-cost regions remains a concern for fabricators in the future. Will the Minister ensure that the CIB is as robust and creative as possible so that developers buy from British yards?
The allocation round was incredibly successful, attracting £90 billion of private sector investment. In the north-east, we are forecasting an increase of 20,000 jobs and want those supply chain jobs here in the UK.
▸
Assessment & feedback
The robustness and creativity of the CIB to compete with lower-cost regions was not directly addressed.
Response accuracy
Q3
Partial Answer
▸
Context
Major hydrogen projects in the Humber area, including those by National Grid, are ready to go. Investors need certainty from Government before committing.
The Minister is aware that major hydrogen projects in the Humber area led by National Grid are ready to go and are vital for the region with £18 billion of value-add and 360,000 jobs at stake. Without certainty from Government, investors cannot commit. When will the allocation rounds for hydrogen transport and storage business models open so that this investment can move forward?
The right hon. Member's concerns have been addressed, having spoken to the hydrogen industry myself. The representation he has made to me and to the Energy Minister will be considered. I can assure him that the hydrogen strategy will be out soon.
▸
Assessment & feedback
A specific timeline for opening allocation rounds was not provided.
Response accuracy