If you are investment planning in Cheshire, the county is rapidly establishing itself as a green investment zone, and is host to a number of clean energy projects.
With the new government committed to securing growth, it is worth considering how a Net Zero investment plan might boost GDP, with the launch of flagship initiatives GB Energy and the National Wealth Fund.
The green economy grew by 9% last year, and official figures suggest that the potential benefit to the UK economy of reaching Net Zero targets could exceed £266 billion over the next 30 years. This transition has the potential to guarantee energy security, stimulate innovation and bring hundreds of thousands of highly skilled new jobs.
To reach Net Zero goals and transform the economy, sustained investment of £50 billion will be required each year from 2030 to 2050. This will predominantly be private sector money, with additional state cash injections via the National Wealth Fund, to support future green growth and set the UK up as a global leader in green investment.
Businesses have already signalled to the government that they want to see an immediate budgetary commitment to a Net Zero Investment Plan.
It is hoped that this will take the form of targeted sector-by-sector public investment, which will open up a new partnership between government and businesses to maximise the opportunities that longer-term sustainability offers. This change should help to support the green industries of the future, both in Cheshire and across the country.
