'The fiscally responsible choice': Labour clarifies plan to deliver £28bn in annual green investment by 2027

Michael Holder
clock • 6 min read
Kier Starmer arrives at the Labour conference last year | Credit: Kier Starmer, Twitter
Image:

Kier Starmer arrives at the Labour conference last year | Credit: Kier Starmer, Twitter

Party insists it remains fully committed to borrowing to invest in UK green economy if it wins next election, but acknowledges it will not achieve £28bn target until second half of Parliament

Labour has today confirmed further details of its hotly-anticipated Green Prosperity Plan, clarifying that it would seek to ramp up investment in low carbon infrastructure to £28bn a year from around 2027...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Politics

Tories warned plan to axe carbon tax would 'hammer industry'

Tories warned plan to axe carbon tax would 'hammer industry'

Conservatives pledge to axe UK's carbon pricing regime, sparking warnings proposals would hit tax revenues, undermine investment, and trigger levies on exports to the EU

James Murray
clock 02 April 2026 • 6 min read
'This time will be different': Starmer seeks closer ties with EU to bolster UK energy security

'This time will be different': Starmer seeks closer ties with EU to bolster UK energy security

Prime Minister says he is 'sick and tired' of energy bills fluctuating due to fossil fuel volatility, as he reiterates need to ramp up domestic clean power capacity

James Murray
clock 01 April 2026 • 8 min read
Climate action must protect people's lives – and their livelihoods

Climate action must protect people's lives – and their livelihoods

True climate leadership means using the transition to improve lives through good jobs, protecting communities from climate impacts and reducing inequality, writes Scotland's Cabinet Secretary for Climate Action and Energy Gillian Martin

Gillian Martin MSP, Cabinet Secretary for Climate Action and Energy in Scotland
clock 01 April 2026 • 4 min read