The UK Government does not have a quota for the amount of finance that should flow to low-carbon investment, but since the government came to office more than £100 billion in clean energy investment announcements has been secured. Net zero is the economic and industrial opportunity of the 21st century, and economic modelling undertaken by the CBI suggests the UK's net zero economy generated £36.7 billion in gross value added in 2025 and supported 308,000 jobs directly, with a further £51.2 billion in gross value added and 520,000 jobs supported through supply chains

The UK government no longer provides new direct financial or promotional support for the fossil fuel energy sector overseas, which includes support provided by UK Export Finance and British International Investment PLC, with limited circumstances set out in public guidance. The National Wealth Fund also does not invest in projects involving extraction, production, transportation, and refining crude oil, natural gas or thermal coal with very limited exemptions.

We have established a Defence Investors Advisory Group (DIAG) to support the development of the Defence Finance and Investment Strategy (DFIS). Since its establishment, the DIAG has met on five occasions over a nine-month period. This has been supplemented by wider stakeholder engagement sessions and targeted bilateral discussions with key industry and investment partners.

Defence will develop RAF Wyton as a modern, integrated intelligence hub through the upgrading and consolidation of purpose-built infrastructure, supporting the ambitions set out in the Strategic Defence Review and Defence Investment Plan as part of the wider modernisation of our Military Intelligence Services (MIS). The programme is intended to deliver modern, secure and more integrated facilities that enable personnel and capabilities to operate more effectively together, support the adoption of advanced digital, data and analytical capabilities, and improve collaboration across Defence and with partners.

The Department recognises that increasing the number of women angel investors is key to improving access to finance for female-led businesses. Evidence from the DBT-backed Investing in Women Code report shows that more diverse angel groups make a larger proportion of their investments into women founders.

Through the British Business Bank, the Government is supporting more diverse angel investment. This Diverse Angels Syndicate programme will support angel syndicates to recruit, train, and invest inclusively. The Regional Angels Programme addresses regional funding gaps and attracts co-investments; its pilot engaged 185 new angel investors, of whom 176 were women.

The Defence Investment Plan sets out how the Government's increased investment in defence capability, infrastructure and innovation will strengthen national security while supporting economic growth across the UK.

While the Defence Investment Plan was not designed to provide a regional breakdown of economic impacts, the substantial investments it outlines, together with Defence’s extensive footprint across the UK, supports jobs, industry and economic growth in every nation and region. By 2029-30, defence investment is expected to support up to 60,000 additional jobs across the United Kingdom.

Through the Lancashire Devolution Deal, the Government is providing up to £20 million in capital funding during the current Spending Review period to support innovation-led growth across Lancashire, including assets to maximise the benefits of the National Cyber Force Headquarters at Samlesbury, which lies within Ribble Valley constituency.

UKRI funding for Lancashire increased from £97 million in 2022–23 to £107 million in 2023–24, demonstrating continued investment in the region's research and innovation strengths.

Both Tranches of UK Typhoon are being upgraded, and there is no change to the previously stated intention. 40 Tranche 3 aircraft will receive the new radar, ECRS2, and the fleet of both Tranche 2 and 3 aircraft will receive the upgrades to communications and avionics, cockpit interface, and helmet mounted sighting system.

40 RAF Typhoon aircraft will receive the European Common Radar System (ECRS) Mk2 upgrade. We expect the radar in service with the RAF before the end of the decade.

The £1.1 billion identified in the Defence Investment Plan for Apache helicopters represents investment across the capability, including training and support arrangements, weapons procurement, capability upgrades, spiral development and obsolescence management.

This investment will ensure the Army's AH-64E Apache fleet remains an effective and modern battlefield capability, including enhancements to interoperability and integration with emerging technologies.

The AI and cyber-security sectors make up core parts of the UK’s growing technology sector as set out in the Modern Industrial Strategy digital and technologies sector plan. The UK AI sector alone contributed £11.8 billion in Gross Value Added to the UK economy in 2024, supporting more than 86,000 jobs. We have seen large recent investments in the UK from leading firms, including AMD's £2 billion commitment. In total, over £90 billion of capital investment has been pledged to be spent in the UK's AI sector since this Government came to power.

The Government’s Cyber Security Sectoral Analysis 2026 shows the UK cyber security sector is worth £14.7 billion and contributed £9.1 billion in GVA to the UK economy in 2025. The analysis found that UK dedicated cyber security firms raised £184 million of investment across 47 deals in 2025. Notable fundraisings in 2025 include Inforcer, which raised £26 million; Maze with £18.4 million and Optalysys with £23 million.

I refer the hon. Member to the answer given to Question 14524, tabled on 30 June 2026:

https://questions-statements.parliament.uk/written-questions/detail/2026-06-30/14524

The Office for Budget Responsibility produces its forecasts independently and is responsible for the assumptions underpinning them.

The Government is committed to increasing the UK's long-term growth potential.

The Government’s strategy to boost growth and improve productivity has been guided by three principles: restoring economic stability, increasing investment, and reforming the economy to remove barriers to growth.

We have made significant progress, including through implementing the Planning and Infrastructure Act and are backing businesses by delivering the modern Industrial Strategy. We have also introduced reforms to unlock private sector investment, including through legislative changes to the pensions system, and to strengthen the UK's skills base, such as by introducing the Growth and Skills Levy.

Last year, RTI-based productivity growth was 2.2 per cent, the fastest calendar year rate outside the pandemic in more than a decade. Whole economy investment has risen to 5.6% above its level at the start of this Parliament.

In the 2026 Mais Lecture, the Chancellor set out how the Government is going even further on this agenda with three big choices: empowering regional growth, embracing AI & innovation, and establishing a closer relationship with the EU.

The Strategic Spatial Energy Plan (SSEP) will start from a baseline, comprising network and generation included in the Clean Power 2030 Action Plan, and projects which have regulatory funding. Regulatory funding includes contracts for difference, capacity market contracts, interconnector cap and floor arrangements, funding designation through the nuclear Regulated Asset Base model or merchant interconnector approvals.

When developing the SSEP, the National Energy System Operator is considering deliverability by analysing the practical ability of developers to deliver the pathways and technology volumes recommended by the SSEP.

We understand the importance of providing clarity to businesses across the hydrogen sector, including investors and companies that may transition to hydrogen.

We plan to publish the Hydrogen Strategy, alongside a package of other policy documents, as soon as possible. This will set out Government’s vision and objectives for hydrogen, and how we intend to work with industry to continue to transform ambition into action.

In the meantime, we remain focused on delivery and are supporting projects currently in the pipeline. Successful HAR1 projects are moving to final investment decision, construction and operation phases, and a proposed funding package of £86.5m has been agreed to support ITM’s electrolyser manufacturing expansion in Sheffield.

The Government recognises the important role that onsite low carbon technologies can play in reducing emissions, improving energy resilience and supporting industrial competitiveness.

Through programmes such as the Industrial Energy Transformation Fund (IETF), which made around £500 million available to support UK industry to decarbonise, and wider support for industrial decarbonisation, we are helping businesses invest in technologies including electrification, energy efficiency and onsite generation.

The Department does not hold estimates for the number of jobs impact for all of the investments that make up the £3bn investment figure. However, we have assessed jobs created by the Life Sciences Innovative Manufacturing Fund. £87 million has been committed so far to nine projects, unlocking £657 million of private investment, creating 272 jobs and safeguarding a further 1,030. Moderna’s £1bn investment in its new Innovation Centre in Harwell, as part of a 10-year strategic partnership with government to discover new therapies and boost pandemic resilience, will support around 150 highly-skilled jobs.

As with other publicly funded research programmes, Government support for the UK AI Research Labs is intended to deliver value for taxpayers through the talent development, the creation of new businesses and technologies, downstream economic growth, and wider benefits to society. Supporting world-leading research in UK institutions will also help the UK shape the next generation of AI technologies, secure reliable access to advanced systems, and strengthen domestic capability.

The labs’ capacity to ensure fundamental developments can be translated into real-world applications – including commercial opportunities – was a key part of the selection criteria. The selection panel of recognised experts from academia and industry reached their decision on that basis. Both labs have strong links with industry and will continue seeking opportunities for partnerships as they develop.

In line with principles set out in the Modern Industrial Strategy, the labs will be supported by an ecosystem of interventions that ensure the UK reaps the rewards of our leading R&D sector. This could include support from the Sovereign AI Unit – which is backing UK AI companies to start, scale and stay anchored in the UK – as well as UKRI’s AI Priority, Frontier AI, and iCURE programmes, which include support for research translation and commercialisation.