Budget reaction: Stability and ambition will unlock the investment that drives green growth

Rachel Solomon Williams, Executive Director at the Aldersgate Group, said: “This Budget’s plans to accelerate green growth and provide long-term stability are very welcome, and echo recurring calls from businesses across the country. Changes in the fiscal rules, and multi-year funding settlements for growth sectors and critical infrastructure, offer a clear signal that the government is serious about investing in the foundations of a thriving green economy.

Rachel added: “We welcome the new investment for the Warm Homes Plan, which offers the much-needed certainty required to drive investment in this area. Today’s announcement of a three-year settlement for heat decarbonisation and building energy efficiency, with over £1 billion committed for 2025, and £3.4 billion guaranteed for supply chains in the coming three years, will be a crucial signal to businesses across the country; we hope to see the final plan extended over a longer period. To support the delivery of this change and others announced in the Budget, while maximising job creation and growth opportunities, further details on plans for Skills England will be vital.”

About us
The Aldersgate Group is an alliance of leaders from business, academia and civil society that drives action for a sustainable economy. Our members include some of the largest businesses in the UK, leading NGOs, professional institutes, and academic institutions. Our mission is to trigger the change in policy required to address environmental challenges effectively and secure economic benefits for the UK in doing so.

For press enquiries please contact:
Ben Pummell
Strategic Communications Manager
Email: ben.pummell@aldersgategroup.org.uk