Minister of State for Energy, Clean Growth and Climate Change
(): A year on from the publication
of the Ten Point Plan the Government can confirm more than £5.8
billion of investment in green projects has been secured, along
with at least 56,000 jobs in the UK’s clean industries.
This major green investment boost, helps to drive forward the
government’s ambitions to make the UK a global leader in green
technology and finance. It includes more than £650 million in
advancing offshore wind this year alone, supporting almost 3,600
jobs across the Humber and North-East and over £900 million in
accelerating the shift to zero emissions vehicles. As part of
this Envision AESC will invest over £400 million in battery
manufacturing for example, as part of a £1bn project with Nissan
and Sunderland Council to create a flagship Electric Vehicle Hub.
ENI Spa has invested more than £400 million in offshore wind.
This week’s Global Investment Summit in London is expected to
attract almost 200 leading industry figures from around the world
to invest in the best of UK green business and innovation.
Securing private investment for clean technology is a core part
of the Government’s strategy to meet our world-leading emissions
reductions targets over the next decade and achieve Net Zero by
2050. Our upcoming Net Zero Strategy, to be published this week,
builds on the Ten Point Plan, setting out how we will deliver on
our net zero commitments, giving businesses the certainty they
need to invest.
Further progress since the Ten Point Plan includes:
- Securing around £1.5bn of investment into our offshore wind
industry, supported by the government’s £160m scheme to upgrade
ports and infrastructure. Renewables now represent almost 40% of
the UK’s total electricity generation.
- Kicking off the biggest-ever round of our flagship renewable
energy scheme for low carbon electricity (Contract for
Difference) with £200 million for offshore wind projects and £24m
for floating offshore wind.
- Publishing the Hydrogen Strategy to grow the UK hydrogen
economy, consulting on design of the £240m Net Zero Hydrogen
Fund, and announcing funding of seven real-world hydrogen
transport pilots.
- Committing £20 million to increase on-street charge points
for electric vehicles and providing £50m to support charge point
installations.
- Publishing our Transport Decarbonisation Plan and National
Bus Strategy, as well as supporting Coventry to become UK’s first
all-electric bus city and consulting on world-leading pledge to
end the sale of all new, polluting road vehicles by 2040 and net
zero aviation emissions by 2050. This is on top of more than 300
new walking and cycling schemes.
- Providing £1 billion to upgrade schools, hospitals, and
council buildings with energy efficiency measures and committing
£222 million to upgrade socially rented homes. Local Authorities
through the Green Homes Grant scheme have also started installing
upgrades to around 50,000 low-income households.
- Announcing £19.5 million of grant funding for UK projects
developing novel carbon capture technology and we have kicked off
the process to decide the first carbon capture cluster locations
in our industrial heartlands.
- Launching the floods investment programme that is on track to
better protect 336,000 properties.
- Awarding 90 projects under the second round of the Green
Recovery Challenge Fund, totalling £80 million of investment, and
launched several schemes under the Nature for Climate Fund to
expand our pipeline of tree planting projects in England.
- Launching the £1 billion Net Zero Innovation Portfolio,
providing funding for low-carbon technologies and systems across
the areas of the 10 Point Plan.
- Launching our landmark North Sea Transition Deal and
Industrial Decarbonisation Strategy.
