Department for Energy Security and Net Zero written question – answered at on 3 November 2025.
Scott Arthur
Labour, Edinburgh South West
To ask the Secretary of State for Energy Security and Net Zero, how much funding his Department plans to provide to (a) transport and (b) storage companies to help support their carbon capture, usage and storage business models in the next 12 months.
Michael Shanks
Minister of State (Department for Energy Security and Net Zero), Minister of State (Department for Business and Trade)
In the 2025 spending review, the Government allocated £9.4 billion over the Spending Review period.
The bulk of public funding for Track 1 is only provided once projects are operational. Transport & Storage Companies (T&SCos) operate a Regulated Asset Base model regulated by Ofgem. This allows them to recover costs during operation by charging connected capture projects - expected from 2028 onwards.
The government has announced its support for the Acorn and Viking clusters and is providing development funding to advance their delivery, including approximately £200m for Acorn. The exact amounts for each cluster and funding schedule will be subject to negotiations, value for money and deliverability assessments.
Yes1 person thinks so
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