New Anglia Local Enterprise Partnership and industry leaders have welcomed the publication of the government’s new Clean Growth Strategy.
The Strategy is published by the Department for Business, Energy & Industrial Strategy (BEIS) as part of its wider Industrial Strategy. It sets out the government’s proposals for decarbonising all sectors of the UK economy through the 2020s, detailing how the whole country can benefit from low carbon opportunities, while meeting national and international commitments to tackle climate change.
The Clean Growth Strategy also sets out the economic opportunities presented by the 2015 Paris Agreement, with $13.5 trillion in public and private investment expected across the 195 signatories worldwide in order to meet climate change targets.
In the UK, more than £2.5 billion will be invested by the government to support low carbon innovation from 2015 to 2021, with a further £4.7 billion from the National Productivity Investment Fund.
The East is in a unique position to take advantage of these opportunities. In 2012 New Anglia LEP was appointed the Government’s ‘Green Economy Pathfinder’ Local Enterprise Partnership. The East led the way in demonstrating how economic growth can be achieved through environmental sustainability within day to day business practice. Our local businesses offer world-class expertise in the transition to a green economy. As the Green Economy Pathfinder (GEP) we utilised and invested in this expertise; taking what we learnt and recommending to Government, LEPs, and business across the UK how they could benefit from our approach.
Key successes for the New Anglia Green Economy Pathfinder include:
• The East being recognised as the leading region leveraging investment in low carbon energy generation projects and infrastructure;
• The development of a world class offshore wind cluster in the East, creating thousands of new jobs, developing new innovative technologies, and securing £billions of new investments;
• Supporting the creation of Wild Anglia as the Local Nature Partnership for Norfolk and Suffolk, recognising the vital role the natural environment plays in a modern, healthy, innovative and productive economy;
• Investing in world-class innovation and research hubs such as the award-winning King’s Lynn Innovation Centre in West Norfolk; and the UK’s greenest commercial building – The Enterprise Centre – at the University of East Anglia;
• Encouraging the development of the Business Energy Efficiency Anglia programme, helping eligible businesses across Norfolk and Suffolk become more efficient and productive through improved resource management;
• Working in partnership with Archant to deliver the ‘Green 100’ project celebrating leading businesses across New Anglia’s Green Economy; and
• Championing the principles of sustainable development and inspiring businesses and organisations of all sizes and types explore growth opportunities within the rapidly growing green economy.
The role the East can play in achieving the UK’s climate change targets is set out in the Norfolk and Suffolk Economic Strategy. One of the Strategy’s key ambitions is to enhance our region’s position as a centre for the UK’s clean energy sector. Utilising the expertise of our world-leading renewable energy sector and continuing to make progress in low-energy construction will be vital in achieving this.
Doug Field, Chairman of New Anglia Local Enterprise Partnership, said: “The economic growth we desire must be achieved in a clean and sustainable manner. It’s a vital part of the pledge we make to future generations. This Strategy not only sets out how we can do that, but also offers the East an opportunity to lead the way, using our expertise to create more high value jobs and prosperity.”
Johnathan Reynolds, Director at energy and innovation consultancy Nautilus Associates, who led on the GEP’s implementation said: “The role of the LEP’s Green Economy Pathfinder was instrumental in bringing together a diverse range of partners, businesses and organisations behind a shared vision for clean and green growth across all parts of the New Anglia economy.
“Building on the success of the Pathfinder, and the recent publications of the Government’s Clean Growth Strategy and the new Economic Strategy for Norfolk and Suffolk, we are now developing plans for a new Green Economy Partnership which will help ensure that New Anglia is firmly at the centre of UK’s clean growth.”