Spring Budget 2021: Sunak pledges to put green investment at heart of economic recovery

Offshore wind, carbon capture and freeports

clock • 4 min read
The new National Infrastructure Bank will be based in Leeds
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The new National Infrastructure Bank will be based in Leeds

Chancellor Rishi Sunak today closed his Budget address to Parliament by hymning the potential of clean technologies to create "decent well-paid green jobs" and drive the recovery from "one of the largest, most comprehensive and sustained economic shocks this country has ever faced".

Highlighting the example provided by Teesside, Sunak envisaged a "future economy" where the northern industrial hub is revitalised by the government's support for carbon capture technologies and offshore wind, its plans for new freeports across the UK, and its decision, confirmed today, to locate new Treasury offices in Darlington and the new National Infrastructure Bank in Leeds. "When I look to the future of Teesside, I see old industrial sites being used to capture and store carbon," Sunak said. "I see offshore wind turbines creating clean energy for the rest of the country… all lo...

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