To ask the Secretary of State for Business, Energy and Industrial Strategy, what estimate he has made of the amount of money invested by energy companies in infrastructure in the UK in the last five years; and if he will make a statement.
Answered on
5 March 2018
The Department for Business, Energy and Industrial Strategy does not hold specific information regarding “energy companies”; we monitor capacity of energy generation rather than levels of investment by specific companies when in developing and implementing policy.
The UK has made great progress in securing investment in clean and secure energy. More than £52 billion has been invested in renewable energy since 2010. We are committed to ensuring that the UK remains an attractive destination for investment as the UK negotiates its withdrawal from the EU.
Through our Industrial Strategy, we are investing £2.5 billion to support low carbon innovation in the UK between 2015 and 2021, and providing £31 billion to the National Productivity Fund to support investments in innovation and infrastructure.