Great British Energy (GBE) has released a Strategic Plan, outlining a practical five-year roadmap to accelerate the UK’s transition to renewable power and bolster the nation’s industrial capacity.
The publicly owned energy company’s publication details its priorities to drive investment, support workers, and ensure communities benefit from the energy transition.
Through GBE expenditure between now and 2030, the organisation plans to deliver at least 15GW of clean energy generation and storage assets, which is sufficient to power the equivalent of almost 10 million homes.
This investment is projected to mobilise £15bn of private finance over time through GBE’s long-term partnerships and investments. Furthermore, the plan includes support for over 1,000 local and community energy projects, aiming to expand public participation and local control within the energy system.
The initiative is also projected to support more than 10,000 jobs directly through GBE-backed and funded projects, including in regions historically dependent on oil and gas.
GBE will function as a developer and equity investor, granting the public a sustained stake in clean energy infrastructure. The returns from publicly owned assets will be reinvested into new capacity, jobs, and opportunities across the UK, forming an income-generating portfolio.
The plan sets three priority investment areas to support its mission: GBE Local, focusing on direct community and public service benefits; Onshore Energy, aiming to strengthen grid stability and unlock land-based energy potential; and Offshore Energy, intended to accelerate UK leadership in deep-water offshore wind.
The Strategic Plan provides additional detail on the £1bn “Energy – Engineered in the UK” programme, a major initiative scheduled for formal launch later this month.
This programme is designed to strengthen the UK’s industrial base, support the nation’s Industrial Strategy, and build a resilient, long-term supply chain for clean energy, supporting high-quality jobs nationwide.
In comments on the plan, GBE’s CEO, Dan McGrail, said, “We are proud to be putting public ownership to work, unlocking investment, powering communities, creating jobs, and building an energy system that delivers for the UK.
“This Strategic Plan marks a major milestone in our mission to accelerate clean energy and the industries that support it.”
GBE’s Chair, Juergen Maier, stated, “This plan puts the UK public at the heart of our energy future. By investing in clean power, supporting local projects, and unlocking British industry, Great British Energy will help deliver an energy system that works for everyone.”
Energy Secretary, Ed Miliband, added, “We set up Great British Energy to be a national champion that allows us to reap the benefits of Britain’s natural resources. This plan shows what a publicly owned energy company will deliver: an abundance of clean, homegrown energy for British people and thousands of good jobs across the country.”
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