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Great British Energy
The Labour Party has announced plans to establish a new publicly-owned company, Great British Energy. This company will be owned by the British public and will aim to provide power to the British people.
Great British Energy is set to collaborate with industry and trade unions to supply clean energy by co-investing in advanced technologies.
Great British Energy will support capital-intensive projects and will implement local energy production to benefit communities nationwide. To facilitate this, the Labour Party plans to fund Great British Energy with £8.3 billion over the next parliamentary term.
Great British Energy aims to create jobs and develop supply chains throughout the UK. Scotland will serve as the central hub for this clean energy initiative, with Great British Energy headquartered there.
Great British Energy plans to collaborate with energy companies, local authorities, and cooperatives to install numerous clean power projects, utilizing a mix of onshore wind, solar, and hydropower technologies.