UK sees over £5bn in green project investments since 2020

The UK has seen £5.8bn of foreign investment in green projects since the launch of the government’s ‘Ten Point Plan’ in November 2020.

Such investments includes more than £650m in advancing offshore wind, supporting almost 3,600 jobs across the Humber and North-East and over £900m in accelerating the shift to zero-emissions vehicles.

Envision AESC will invest over £400m in battery manufacturing for example, as part of a £1bn project with Nissan and Sunderland Council to create a flagship Electric Vehicle Hub.

New figures also indicate that 56,000 high-quality green jobs have been secured and created across the UK since November 2020.

Prime Minister Boris Johnson said: “These new figures are yet more evidence that going green means creating high quality jobs across the United Kingdom.

“We are at the forefront of seizing these new opportunities, supported by major government investment and a British zeal for innovation and commerce.

Since the launch of our Ten Point Plan businesses across the country have attracted international investment in the industries of the future, ensuring we build back better and greener.“

Business and Energy Secretary Kwasi Kwarteng MP said: “The UK is fully capitalising on the global green industrial revolution, showing the world how business and industry can remain competitive and attract international investment in this race to secure new green industries.

“As we power on with our plan to back new British industries - from car battery makers to wind turbine designers – we are laying the foundations for a new era of green jobs and decades of economic growth to come.”

Looking to promote your product/service to SME businesses in your region? Find out how Bdaily can help →