Industrial Strategy for Clean Power : How can UK plc capture its fair share of the economic potential of the energy transition?

Developing domestic supply chains for clean energy has the potential to spur UK economic growth as part of the clean power transition. The OECD has said that "the development of secure and competitive supply chains in clean energy technologies is critical to ensure a resilient clean energy transition and energy and economic security". 

Building on evidence received in an inquiry before the election on securing domestic supply chains for low carbon technologies, the Committee is launching a one-off hearing on the UK's Industrial Strategy for Clean Power.  

It will explore the areas where UK manufacturers have the greatest potential to make an impact in supplying the clean power transition, with a focus on how developing a more localized supply chain could help the UK achieve its goal of a secure, decarbonized electricity sector by 2035.  

In October 2024 the Government introduced its vision for a modern, decade-long industrial strategy called Invest 2035. Its goal is to attract a greater share of global investment in crucial sectors of the economy and support the growth of domestic businesses.  

The Committee is seeking to understand how the Invest 2035 strategy can best support UK manufacturers; how to identify the sectors with the greatest potential for growth and to assess how local supply chains can be developed to help meet the objectives of the strategy.  

It will investigate how the strategy can be most effectively implemented to ensure the UK is able to attract more global investment and strengthen domestic businesses in key economic sectors.  

The Committee would welcome written submissions on the following questions by Friday 14^th February:

• How can UK plc capture its fair share of the economic potential of emerging or less developed energy technologies? 

• What more can the Government do to encourage greater domestic supply chain investment in the energy industry by 2035, including through the Contracts for Difference scheme? 

• Does the UK have the supply chain capacity to deliver the required energy infrastructure by 2035, including an expanded electricity network? 

• To what extent would growing the domestic supply chain bolster UK energy security? 

• What are the key concerns with respect to the availability of raw materials in the supply chain and how might those be addressed?  

Written evidence sent to the Domestic supply chain inquiry last year will be used for this session and those who sent such evidence should only write if there are significant differences to what was previously submitted.  For new evidence being submitted, the Committee is now more interested in issues that have arisen since the advent of the new Government, rather than long standing issues that have been well covered by the previous inquiry.  Please send new evidence to CommonsESNZ@parliament.uk by February 14