UK's Net-Zero Economy Booms, Creating High-Paying Jobs and Attracting Billions in Investment
The UK's net-zero economy is booming, with jobs paying 15% more than the national average and productivity soaring by 40%. This surge is driven by over 23,000 net-zero businesses, 94% of which are SMEs, contributing £83 billion to the economy and supporting nearly 951,000 jobs.
Universities are at the forefront of this growth, generating intellectual property and spin-outs in areas like synthetic biology, hydrogen, and carbon capture. This has made UK climate tech a compelling venture capital opportunity. In 2024, the UK was home to 2,500 climate tech start-ups, with public funding leveraged into £4.5 billion of private investment.
The net-zero economy is spread evenly across the UK, fuelled by renewable energy and the rapid adoption of electric vehicles, now making up 27% of the car market. This climate technology ecosystem is a significant driver of economic growth and a compelling investment opportunity. It's a mainstream business and investment thesis, offering opportunity, resilience, and leadership. The energy transition is a commercial proposition, delivering strong financial returns and resilience, with venture capital playing a crucial role in advancing enabling technologies. Every £1 of direct GVA in the net-zero economy supports an additional £1.89 in the wider economy.
The UK's net-zero economy is thriving, with high wages, strong productivity, and significant investment. It's a major contributor to the UK's economic growth and a compelling opportunity for investors, with universities and start-ups driving innovation and adoption.
Read also:
- THW Marks 75 Years of Saving Lives at Home and Abroad
- Federal petition from CEI seeking federal intervention against state climate disclosure laws, alleging these laws negatively impact interstate commerce and surpass constitutional boundaries.
- Hydrogen Energy: Sustainable Innovation or Resource Exploitation?
- Dim outlook for a major energy corporation
