
Green Growth
Nov 30 2023
Major new plans for a multi-million pound East Midlands zero carbon innovation centre - aiming to transform cutting edge green research into commercial products - have been unveiled by East Midlands Freeport.
Read moreNew research showcases Midlands strengths in the net zero economy with 3 of the UK’s 20 net zero economy hotspots and the sector 1.3x more productive than other regions.
The report – Mapping the Net Zero Economy – published by the Energy & Climate Intelligence Unit, measures the scale of the UK’s net zero economy and its geographic highlights. It finds that the UK’s net zero economy boasts almost 20,000 companies across the country contributing £71bn (3.7%) GVA to the national economy.
The net zero economy provides 840,000 jobs with an average wage of £42,600 (nearly 30% higher than the national average) – this is higher than other industries like manufacturing and construction. Investment into the net zero economy is also increasing tremendously with venture funding growing at a constant annual growth rate of 30%+ between 2016 and 2021.
The net zero economy is also highly connected to the wider UK supply chain, leading to a multiplier effect across the economy as goods and services are purchased from other industries. This supply chain contribution represents £29.5bn in GVA, contributing 1.5% to the UK economy.
The Midlands net zero economy profile boasts several strengths:
Scotland, Wales and the Northern Powerhouse also demonstrate net zero economy strengths, highlighting the important link between green growth and the levelling up agenda.
Indeed, the economic impacts of the net zero economy are stronger within each of the regional economies and outperform London, where only 3.1% of its economy is made up by the net zero economy.
Green Growth
Nov 30 2023
Major new plans for a multi-million pound East Midlands zero carbon innovation centre - aiming to transform cutting edge green research into commercial products - have been unveiled by East Midlands Freeport.
Read moreGreen Growth
Nov 30 2023
A programme that supports organisations to develop green energy and carbon reduction schemes in Derbyshire has won a category at this year’s Innovation Awards.
Read moreEconomic Opportunities
Nov 27 2023
To coincide with this week’s UK Global Investment Summit, the Midlands Engine Partnership, Midlands Innovation and Midlands Enterprise Universities have today [27 November] launched an innovative new campaign to drive international investment into research and development across the Midlands.
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