UK Industrial Strategy Targets £30bn Clean Energy Investment by 2035

 

The UK government has unveiled a new Industrial Strategy that aims to double clean energy investment to over £30 billion a year by 2035, positioning the country as a “clean energy superpower.”

Key Highlights:

• £10bn/year in private investment expected for electricity networks

• £1bn supply chain fund via Great British Energy

• £27.8bn from the National Wealth Fund

• £25.6bn via the British Business Bank

• Clean power system to be decarbonised by 2030

The 10-year strategy promises to unlock industrial growth, remove barriers to grid access, and drive long-term energy independence.

 

Lower Energy Bills for 7,000+ Firms

From 2027, over 7,000 energy-intensive businesses—including those in automotive, aerospace, and chemicals—will see electricity bills cut by up to 25% under the British Industrial Competitiveness Scheme. These firms will be exempt from green levies like the Renewables Obligation and Feed-in Tariffs.

Additionally, support for steel, glass, and ceramics sectors will increase under the British Industry Supercharger, with electricity network charge discounts rising from 60% to 90% in 2026.

 

Faster Grid Connections, More Jobs

A new Connections Accelerator Service will launch by end of 2025 to fast-track grid access for major projects that deliver jobs and economic growth. New powers in the Planning and Infrastructure Bill could also reserve grid capacity for key developments.

“We’re unlocking the potential of British industry by slashing energy costs and backing clean power growth,” said Energy Secretary Ed Miliband.

The strategy supports the government’s long-term Plan for Change, aiming to boost UK competitiveness, reduce reliance on volatile gas markets, and drive sustainable growth across priority industries.

 

📌 Source: ReNews