Department for Business, Energy and Industrial Strategy written question – answered at on 25 May 2018.
To ask the Secretary of State for Business, Energy and Industrial Strategy, how much the Government plans to invest in renewable energy in 2018-2019; and whether this figure is an increase from the previous year.
The figures for environmental levies across Great Britain are published by the Office for Budget Responsibility alongside the Budget and Spring Statement fiscal events. The latest figures are available here http://obr.uk/efo/economic-fiscal-outlook-march-2018/.
The forecasted support for renewables in 2017-18 is £7.5bn and is expected to increase to £8.8bn in 2018-19. This support does not include transport. Government funded investment through the Renewables Heat Incentive has committed spend of up to £780m for 2017/18 and £1010m for 2019/20. An additional £177m in innovation funding is also committed to further reduce the cost of renewables.
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