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Home » Finance » UK Autumn Budget Allocates £125 Million to Launch Great British Energy and Accelerate Clean Energy Projects
Finance

UK Autumn Budget Allocates £125 Million to Launch Great British Energy and Accelerate Clean Energy Projects

By Samuel JenkinsOctober 31, 20242 Mins Read
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Rachel Reeves. (Credit: World Economic Forum/Flickr)
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Chancellor Rachel Reeves announced that Great British Energy, a new public body, will receive an initial £125 million to drive forward project development and establish headquarters in Aberdeen. This includes £100 million allocated in 2025/26 for clean energy project development, supplemented by £25 million for the company’s setup. Over the next five years, Great British

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Aberdeen Carbon Capture Hydrogen Incentives Infrastructure Low Carbon Offshore Rachel Reeves Scottish Renewables Solar UK Government Wind
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Previous ArticleOCEaN Urges EU for Policy Action on Maritime Spatial Planning for Climate and Biodiversity Goals
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