The UK government is solidifying its efforts to reshape its energy future as Parliament passes the Green British Energy Bill
This new change allows publicly owned energy companies to invest in clean, secure, homegrown energy.
Supported by £8.3 billion throughout this Parliament, Great British Energy is set to deliver affordable power, energy security, and thousands of green jobs nationwide.
Supporting the transition into clean energy
Great British Energy will focus on accelerating the rollout of strategic renewable energy projects, partnering with the private sector to unlock next-generation technologies such as floating offshore wind.
Great British Energy is a key part of the Government’s “Plan for Change” as they hope to make the UK a clean energy superpower and reduce the reliance on the fossil fuel markets.
With the clean energy sector being an essential part of the modern Industrial Strategy, the company’s efforts are expected to boost local economies, particularly in industrial heartlands where manufacturing for renewable infrastructure like wind turbine components and cables can thrive.
Delivering benefits across the UK
The Government has already started using Great British Energy’s resources to fund renewable energy schemes in communities, schools, and hospitals.
A new £200 million fund is supporting rooftop solar and other clean power projects, which are expected to save hundreds of millions of pounds in energy costs. For example, NHS Humber Health Partnership recently received nearly £8.5 million in funding, resulting in lifetime savings of up to £14.2 million.
A £4 million community energy fund has opened in Scotland for applications. Local groups can apply to develop projects like community-owned wind turbines, rooftop solar installations, and small-scale hydropower. The profits generated could be reinvested in local priorities or used to reduce household energy bills.
In Wales, nearly £3 million in funding has been allocated to support local renewable initiatives, further showing Great British Energy’s UK-wide reach and impact.
The Green British Energy Bill: Supporting jobs and the energy industry
Along with community investments, Great British Energy is working towards laying the groundwork for a strong domestic supply chain in clean energy.
A £300 million fund has been dedicated to supporting offshore wind supply chains, aiming to boost the work of British engineers, technicians, and manufacturers. This includes producing key components such as floating offshore platforms and undersea cables.
A roundtable hosted in Edinburgh today, attended by UK and Scottish officials, focused on the supply chain opportunities available in Scotland. It represents a concerted effort to ensure that the shift to clean Energy supports high-quality employment and industrial growth.
Backing and strategic direction
The Great British Energy Bill has received the green light from all three devolved governments: England, Scotland, and Wales. This marks the first consensus of its kind under this Parliament.
This agreement ensures that Great British Energy can operate effectively across the UK and deliver equitable benefits to every region.
The Energy Secretary will outline the company’s strategic priorities in the coming weeks, identifying the key technologies and investment areas that will shape Britain’s clean energy future.
