A new study of Greater Manchester’s green technologies and services sector has found the sector, which generated £8.6bn in sales in 2019-20, represents 14.5% of the business base and 3.2% of Greater Manchester’s employment.
Green Economy, a membership organisation connecting buyers to suppliers of green products and services launched its second sector mapping study on the city-region at the GM Green Summit on 17 October 2022. The study, commissioned by Green Economy was delivered by Ove Arup in association with KMatrix, found that Greater Manchester’s green technologies and services sector is larger than the local advanced manufacturing, digital, creative and science and research and development sectors combined.
Amy House, Director of Green Economy said: “This report found that Greater Manchester’s green technologies and services sector is punching above its weight, and is home to the UKs third biggest green economy, behind London and the South East, with 4% of local sales coming from the sector.
“Internationally, Greater Manchester outperformed Milan, Copenhagen, Seattle, Berlin, Rome and Stockholm when comparing sales value in proportion to GDP and it contributed 46% of the North West’s sector exports.”
The report highlighted many strengths across the local supply chain but identified that Greater Manchester had experienced a slightly slower growth rate (7.1%) than the UK (7.4%). And within the same period globally the sector grew by 14%. Amy House said:
“Our report identified a positive story about the sector; however, we can see that we’ll need to invest further if we’re to ensure Greater Manchester seizes the opportunities that are presented by the net zero transition, particularly across renewable energy generation and storage. Green Economy is playing a vital role here, working with the businesses at the heart of the net zero transition to help them increase their competitiveness by diversifying, upskilling their workforces and connecting them to new market opportunities.”
Green Economy works with the sector in Greater Manchester through the GC Business Growth Hub, which provides funded support to small and medium enterprises in the region. Janine Smith, Director of the Hub said:
“We’re incredibly proud at the GC Business Growth Hub to provide a full circle approach to carbon reduction, with our Sustainability and Net Zero team implementing resource efficiency measures on the journey to net zero, and with Green Economy growing the local network of suppliers that will deliver this transition. I urge any installers, suppliers and providers of green products and services to get in touch and speak to Green Economy today.”
Greater Manchester’s green economy – sector mapping study is available to download from Green Economy.
ENDS
Please direct all media enquiries to:
Jacqui Musson
Communications and Engagement Manager
jacqui.musson@greeneconomy.co.uk
07900 906911
Notes to Editor
?
Greater Manchester’s green economy – sector mapping study was commissioned by Green Economy and delivered by Arup and using KMatrix data (among others). It analyses the Green Technologies and Services sector which comprises the Low Carbon and Environmental Goods and Services Sector, as well as emerging technologies and services including hydrogen, district heating and climate adaption.
A full methodology and explanation of the taxonomy is available in the appendix of the main document.
About Green Economy
Green Economy is bringing together the installers, tradespeople and professionals we need to get the UK to net zero into one single network. We support suppliers to develop and grow their business, while our unrivalled knowledge of the supply chain means we can help buyers of all sizes find their perfect project partner.
More information about Green Economy is available on the website: www.greeneconomy.co.uk
Part of the Growth Company
The Growth Company is a UK-wide not-for-profit economic development agency that seeks to generate inclusive growth in the country’s economy by creating jobs and improving lives. It offers a wealth of services that support growth among individuals, businesses, cities and regions. For more information, please visit www.growthco.uk
N.B. The information contained in this entry is provided by the above supplier, and does not necessarily reflect the views and opinions of the publisher
Green technology worth £8.6bn to Greater Manchester economy – home to England's third biggest green economy - edie.net
Read More
No comments:
Post a Comment