UK secures £11bn energy investment to boost skilled jobs
Italian energy company Eni has pledged to invest £11 billion in the UK through 2030, funding skilled jobs and clean energy projects.
Italian energy giant Eni has pledged to invest around £11 billion in the UK between 2026 and 2030. The major commitment was confirmed during talks in London between UK Energy Secretary Miatta Fahnbulleh and Eni chief executive Claudio Descalzi.
Around two-thirds of the planned investment will target lower-carbon initiatives across Britain. The funds will support carbon capture facilities in the North West and offshore wind developments in the North Sea, aimed at creating skilled jobs and boosting industrial competitiveness.
Fahnbulleh described the multi-billion-pound package as a vote of confidence in Britain’s industrial future. She emphasised that the projects would revitalise historic industrial communities while strengthening domestic energy security and supporting national decarbonisation goals.
Source: Egypt Oil & Gas