The Guardian23 Jun 2026Market
Automatically composed with AI from the cited sources
Private sector commitments include offshore wind, solar power and electricity grid upgrades, accounting for most of the announced £100bn-plus and scheduled predominantly between 2024 and 2031. Specific items comprise nearly £14bn in Scotland, £7.5bn from Japan’s Sumitomo, £40bn from National Grid for network upgrades, and £1.7bn from Barclays, NatWest, Lloyds and Rothesay for social housing retrofits. The announcement follows the CBI’s earlier estimate that the UK’s net zero economy was worth £105bn in gross value added and supported 1.1 million jobs.
Context
The announcement follows the CBI’s earlier estimate that the UK’s net zero economy was worth £105bn in gross value added and supported 1.1 million jobs.
