Over £5.8 billion of investment from outside the UK has been secured for green projects since the introduction of the Prime Minister’s Ten Point Plan.
The Department for International Trade (DIT) has revealed that the initiative has also created over 56,000 jobs in green industries.
This is a major boost for the Prime Minister’s plans to push the UK to the forefront of green technology and finance globally. Over £650 million has been invested in offshore wind in 2021, creating and supporting almost 3,600 jobs across the Humber and North-East and over £900 million has been invested in fast-tracking the switch to zero-emissions vehicles.
Nissan and Sunderland Council have also now partnered up as part of a £1 billion project to create a flagship Electric Vehicle Hub, with over £400 million invested in battery manufacturing alone.
International Trade Secretary Anne-Marie Trevelyan said:
“Inward investment helps level up the UK by making companies more profitable, which means they can invest back into local economies and create stronger supply chains, meaning more sustainable communities for the future.”
What happens next?
London will be hosting the Global Investment Summit this week and it’s expected to attract almost 200 leading industry innovators from around the world to invest in the UK’s green business and innovation sectors.
The Ten Point Plan will assemble £12 billion of government investment over the next ten years to allow for 250,000 skilled ‘clean’ jobs in the UK – opening opportunity for three times the amount of private sector investment by 2030.
The Net Zero Strategy will act as the follow-up initiative to advance the progress of the Ten Point Plan and create a clear course to net zero emissions by 2050.