The Chancellor is making a statement in the House of Commons tomorrow in which he is expected to outline his plans to support the economy.
David Smith, Chief Executive of Energy Networks Association, said:
“Following the ambition set out in the Prime Minister’s ‘New Deal’ speech last week and the Chancellor’s commitment to a new home insulation plan, we look forward to the remaining detail of his announcement.
“The energy networks are already investing and spending around £64bn between 2015 and 2023 and with the right investment signals, will be able to leverage even more investment for the shovel-ready projects they have across the country.
“The energy networks are ideally positioned to support a green economic recovery – through a truly regional footprint which supports 36,000 jobs and by building the crucial infrastructure we need to decarbonise heat, transport and heavy industry. Bringing forward investment in electric vehicle infrastructure and supporting a hydrogen economy will speed up our shift to becoming a carbon neutral country while creating high-value jobs right now.”
About Energy Networks Association
We’re the industry body for the energy networks. Our members own and operate the wires and pipes which carry electricity and gas into your community, supporting our economy. The wires and pipes are the arteries of our economy, delivering energy to over 30 million homes and businesses across the UK and Ireland. To do this safely and reliably, the businesses which run the networks employ 45,000 people and have spent and invested over £60 billion in the last eight years.
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