Autumn Budget 2024 - Budget Overview
On Wednesday October 30th 2024, the Chancellor delivered the Annual Budget – setting out the government’s plans for the economy.
The statement contained a number of measures relating to energy security and Net Zero, which are set out below.
Key headlines:
- Departmental spending for the Department of Energy Security and Net Zero is increasing by 22% -the largest increase of any government department.
- A Clean Power 2030 Action Plan will be published by the end of the 2024.
- £125m of funding has been made available for the establishment of Great British Energy and for investment in it’s first projects.
The North East and Yorkshire Net Zero Hub has produced a briefing note setting out measures relating to energy and net zero which can be found below.
