Clean Energy: Private Sector Investment

Part of Energy Security and Net Zero – in the House of Commons at on 24 March 2026.

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Photo of Chris McDonald Chris McDonald Parliamentary Under Secretary of State (Department for Energy Security and Net Zero), Parliamentary Under Secretary of State (Department for Business and Trade)

After a lot of hullabaloo about the oil and gas industry, we now get to turn to the areas where we are doubling down—namely, on our vast natural resource in clean energy industries and offshore wind, where we managed to attract £90 billion-worth of private sector investment in 2024, in collaboration with the sector councils. Whereas the Conservative Government were happy for those associated jobs to be in Denmark and the Netherlands, we are reindustrialising Blyth, the Tyne and the Tees.