Our vision and mission
Great British Energy has a vision: to become an enduring institution that delivers the benefits of a cleaner, more secure energy system to the British public.
Energy powered by purpose, owned by the people, and dedicated to unlocking the UK’s potential in an electrified world.
That’s Great British Energy: Clean. Secure. Yours.
To realise this vision, we are orientating our activities and decisions around achieving our mission of Public Ownership of Energy with Purpose: accelerate clean energy and the industries that support it, ensuring UK workers and communities reap the benefits of clean, secure, home-grown energy.
Our aims
Accelerate the overall deployment of clean energy
- Establish a portfolio that will deliver at least 15 GW through investment and ownership in clean energy generation and storage assets.
- Mobilise £15bn of private finance over time from GBE funds committed between now and 2030.
Increase local and community ownership of clean energy
- Support to over 1,000 local and community energy projects, boosting community ownership, and save communities, schools, hospitals and public services money by increasing installed renewables.
Support jobs and the growth of UK manufacturing and clean energy technology
- Catalyse a just transition, funding projects to directly support at least 10,000 jobs, including skills and locations historically dependent on oil and gas.
Invest on commercial terms, reflecting risk weighted returns relevant for the sectors we are targeting
- Build a portfolio which is generating income by 2030, and be on a pathway to company-wide profitability.
Our priorities
Priority 1: Local energy
GBE Local will enable the rollout of a new era of local and community energy projects across the UK in the near term, whilst developing longer term, scalable models to unlock the value of local energy
Priority 2: Onshore energy
Onshore renewables, including onshore wind, solar photovoltaic (PV), and short and long-term duration energy storage will be a cornerstone of future electricity systems. GBE is uniquely positioned to originate and own a new generation of utility-scale onshore clean energy projects, unlocking public land and recycling revenues back to the transition.
Priority 3: Offshore energy
GBE will drive momentum in the deep-water offshore wind sector, making investments required to unlock growth in the sector.
Energy, Engineered in the UK
Our £1billion programme is designed to unlock industrial opportunities from the energy transition and to ensure the UK develops enduring capabilities in the clean energy technologies of the future. Our programme will deliver a combination of grants and investments, enabling us to respond to market failures and to proactively shape markets as a long-term and patient investor.
