
Economic Opportunities
Jan 16 2025
New 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.
Economic Opportunities
Jan 16 2025
Green Growth
Feb 3 2025
Energy security has never been more urgent. In recent years, the UK has seen escalating challenges, from global geopolitical crises to rising energy prices. It is the Midlands, home to innovative industries and a strong manufacturing base, that is playing a major role in tackling these issues with the recent launch of the Midlands Engine Energy Security White Paper.
Read moreEconomic Opportunities
Feb 4 2025
Since December last year and throughout January, the Midlands Engine Partnership has led a series of Cluster deep dives - exploring the investment potential of some of the biggest clusters in our region - from aerospace to health technology.
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