Speaking to the Sunday National, Robert Gordon University professor Paul de Leeuw said that the £8 billion which has been earmarked to fund Labour’s new energy firm over the five-year term of the nextDe Leeuw also said there were many unanswered questions about how GB Energy will function, how it will interact with other government-backed schemes already working in the energy industry, and what goals it will choose to prioritise.
“The offshore energy industry at the moment already spends over £20bn a year. It's all about proportionality. “So what we see happening is actually, yes, there's a very high risk if you get it wrong, you lose the jobs and you lose the supply chain capacity and you lose the people that can accelerate the
Blake’s quote seems to sum up what one Labour MP told The House magazine in May: “It’s not clear to me what Great British Energy actually is going to do or how it’s going to do it.” “What we don't know is how it’s going to operate. We don’t know where it’s going to be based yet – it’s in Scotland but that’s a big place.