UKSIF urges Labour to hold firm on £28bn commitment

UKSIF has welcomed Sir Keir Starmer’s recognition of the role that private investment can play in helping the UK decarbonise its energy sector.

UKSIF is the leading membership body for sustainable finance in the UK, with over 300 members managing round £19tn in global assets under management.

James Alexander, Chief Executive of UKSIF, said:

“We welcome Labour’s recognition of the vital role that private investment can play in helping to decarbonise the UK’s energy sector and reach its net zero ambitions, catalysed by government action.

“We urge Labour to hold firm on its commitment on £28bn of green investment annually by the second half of the next parliament, as well as its proposed reforms to the planning system.

“Targeted government investment, combined with supply-side reforms, is key to unlocking greater levels of private capital to accelerate green growth across the UK.”