Clean Energy: Finance

Department for Energy Security and Net Zero written question – answered at on 28 April 2026.

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Photo of Alex Baker Alex Baker Labour, Aldershot

To ask the Secretary of State for Energy Security and Net Zero, what assessment he has made of the potential impact of Government funding of clean energy sources on businesses and local communities.

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)

The Clean Energy Industries Sector Plan is our plan to secure growth, to back Clean Energy Industries and unlock billions more in private investment.

The Chancellor announced £61.9bn in capital funding for DESNZ during the Spending Review, underlining both her and the Prime Minister’s commitment to the Clean Energy Mission and net zero.

UK energy transition investment reached a record £65bn in 2025, a 32% increase in final investment decisions versus 2024. This investment is vital for achieving greater energy security and delivering economic growth across the UK, benefitting businesses and local communities.

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Secretary of State

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Chancellor

The Chancellor - also known as "Chancellor of the Exchequer" is responsible as a Minister for the treasury, and for the country's economy. For Example, the Chancellor set taxes and tax rates. The Chancellor is the only MP allowed to drink Alcohol in the House of Commons; s/he is permitted an alcoholic drink while delivering the budget.