Will Sunak’s ‘plan for growth’ be a magnet for future investment?

By Peter Sibley 2023-08-18T06:00:00

Peter Sibley, energy sector lead, Hydrock

Recent government announcements suggest a belated commitment to expanding energy infrastructure, but much more is needed, writes Peter Sibley

The government has made two significant announcements over the past few weeks – the launch of Great British Nuclear (GBN) and the pledge to deliver Tata’s £4bn electric vehicle battery gigafactory in Somerset – which suggest that they are trying to tease the direction of their evolving plans for the UK’s long-term industrial strategy along the path to achieving net zero. 

The announcements indicate a commitment to driving rapid investment and expansion in industries and energy infrastructure to enable the transition to net zero and support the government’s vision for “global Britain” that would reinforce the UK’s position on the international stage.

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