HM Treasury unveils ten-year Infrastructure Strategy with £725bn clean energy investment plan
HM Treasury, in partnership with the National Infrastructure and Service Transformation Authority (NISTA) and the Chancellor of the Exchequer, the Rt Hon Rachel Reeves MP, has unveiled a landmark ten-year Infrastructure Strategy as part of the Plan for Change. This detailed strategy commits at least £725bn to infrastructure investment through to 2035, with the dual aim of establishing the UK as a clean energy superpower and providing long-term investment certainty. It outlines aggressive 2030 clean power targets of 43–50 gigawatts (GW) offshore wind, 27–29 GW onshore wind, and 45–47 GW solar capacity, while allocating £9.4bn for carbon capture, usage and storage projects and £500m for hydrogen transport infrastructure. In addition, the strategy sets aside £14.2bn for the development of Sizewell C and £2.5bn for small modular reactor programmes, with Great British Energy set to invest £8.3bn in clean power projects, including £300m for offshore wind supply chains.
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