Source · Select Committees · Scottish Affairs Committee
Recommendation 5
5
Accepted
Set out plans to increase proportion of UK-based supply chains for clean energy generators.
Recommendation
We recognise that maximising economic return from clean energy investments requires supporting and expanding UK-based supply chains. (Conclusion, Paragraph 56) The Government should set out how it intends to increase the proportion of UK-based supply chains used by clean energy generators. (Recommendation, Paragraph 56) Tax and regulatory environment
Government Response Summary
The government agrees with the recommendation and outlines four new policy interventions from its North Sea Future Plan to support and expand UK-based supply chains. These include establishing a North Sea Future Board, developing guidance, a Basin Wide Plan, and leveraging GBE's £1bn Supply Chain Fund.
Government Response
Accepted
HM Government
Accepted
The government agrees with this recommendation. The importance of attracting and sustaining investment into domestic supply chains was reiterated in the Government’s North Sea Future Plan, published 26 November. We announced several new policy interventions aimed at supporting the North Sea supply chains futureproof and diversify their activities. These are: • A new North Sea Future Board will convene people with the experience and levers to manage the energy transition across the North Sea. Establishing a supply chain workstream will be one of the first tasks for the Board. • To develop a comprehensive guidance package for supply chain businesses and investors • Working with the NSTA to develop a Basin Wide Plan to support greater transparency regarding upcoming activity in the North Sea. • To work with GBE to ensure that their £1bn Supply Chain Fund will support the North Sea transition through strategic funding and a focus on utilising the UK’s existing industrial strengths in oil and gas to deliver the next generation of clean energy technologies.