UK Government announces more than £5.8 billion of foreign investment in green projects has been secured since the launch of the Prime Minister’s Ten Point Plan.
This major green investment boost, revealed in new data released by the Department for International Trade, helps to drive forward the Prime Minister’s ambitions to make the UK a global leader in green technology and finance.
It includes more than £650 million in advancing offshore wind this year alone, supporting almost 3,600 jobs across the Humber and North-East and over £900 million in accelerating the shift to zero-emissions vehicles.
Envision AESC will invest over £400 million in battery manufacturing for example, as part of a £1 billion project with Nissan and Sunderland Council to create a flagship Electric Vehicle Hub. ENI Spa has invested more than £400 million in offshore wind.
UK and international investment has backed the vision of a Green Industrial Revolution since the Prime Minister’s Ten Point Plan was launched, with around 56,000 green jobs across the UK economy either already online or in the pipeline over the next decade – including in electric vehicle manufacturing in Sunderland, Hydrogen facilities in Teesside, and offshore wind in Northumberland, Yorkshire and Humber.
Next week’s Global Investment Summit in London is expected to attract almost 200 leading industry figures from around the world to invest in the best of UK green business and innovation. Securing private investment for clean technology is a core part of the government’s strategy to meet our world-leading emissions reductions targets over the next decade and achieve Net Zero by 2050.
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.”
International Trade Secretary Anne-Marie Trevelyan said: “The UK is already one of the most attractive investment destinations in the world and the Global Investment Summit will build our reputation further as we bring the world’s top business names to our shores.”