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2023 Investment Prospectus

Delivering Net Zero

We are actively delivering against our ambitious net zero target.

This includes domestic and commercial retrofit programmes, Net Zero Neighbourhoods, Local Area Energy Planning and smarter energy infrastructure across the region, enabling us to channel investment and capture the co-benefits. Success requires the best blend of public and private expertise, innovation and finance which we are bringing together through our Energy Capital partnership.

Our Deeper Devolution Deal provides us with the opportunity to considerably scale up our programmes across the region, supporting the development of local markets and supply chains and the decarbonisation of our industry and businesses.

We have invested nearly £50 million in retrofit, including our Net Zero Neighbourhood programme, to decarbonise over 3,000 homes across the region.

The gross investment cost of the plan is estimated at £4.3 billion by 2026

Increasing to a minimum of £15.3 billion by 2041

We are seeking like-minded investor partners to work with us on short, medium and long-term opportunities across our portfolio.