Positive
Project advancing - milestone achieved
High Impact
Major milestone or critical setback
Ofgem approved early construction and pre-construction funding for Eastern Green Link 4 (EGL4) under its Accelerated Strategic Transmission Investment (ASTI) programme on 9 December 2025. The regulator granted EGL4 13% of updated project costs as Early Construction Funding (ECF) and 2.5% as Pre-Construction Funding (PCF), enabling enabling works such as land purchases, surveys, design and procurement for the subsea HVDC link and converter stations. Ofgem also set updated target delivery dates (EGL3/EGL4 to August 2034) and established incentives for earlier delivery and penalties for delay. The decision allows the transmission owners to recover efficient ECF/PCF expenditure through allowed revenues but does not itself grant planning consent.