Enabling clean growth and prosperity in the coming years.
Low Carbon and Energy Technologies in our area
The low carbon sector is one of the region’s key areas of strength that can enable clean growth and prosperity in the coming years. By focusing on opportunities to boost the growth and productivity of low-carbon businesses, Greater Birmingham, and the wider West Midlands, can boost both domestic and foreign inward investment, scale-up its export potential and ultimately create jobs and improve quality of life. The sector already makes a significant contribution to the region’s economy, contributing £3.3bn GVA across the WMCA, and is forecast to dramatically increase.
Low Carbon Sector Action Plan
The GBSLEP has been assigned the Low Carbon and Environmental Sector as one of its key sectors to deliver on under the region’s LIS.
To this end, the GBSLEP has developed and is the process of refining the region’s first Low Carbon and Environmental Technologies Action Plan that aims to ensure the low-carbon businesses in the region are well-placed to grow during the transition to net zero and recovery from Covid-19.
Low Carbon & Environmental Technology
The Low Carbon Sector Action Plan defines low carbon technology sector as ‘businesses and organisations who are currently located wholly or in part in the West Midlands or are planning to relocate to the region, and who provide or intend to provide solutions and services necessary to support the transition towards a low carbon economy’. It incorporates a large proportion of the energy system which is leading the low carbon transition, and increasing proportions of the transport/automotive and construction/housing sectors.
Low Carbon Sector Economic Contributions
- There are 740 enterprises across WMCA related to Low Carbon Technology (LCT).
- This sector contributes £3.6m to GVA in WMCA, 3.4% across all sectors.
- 22,750 jobs, 1.2% across all sectors and £156,764 GVA per employee.
- LCT plays a key role in transformation of other WMCA sectors such as automotive and construction.
- LCT sector could make up over £9 billion or 10% of the WMCA economy. (West Midlands State of the Region 2019).
- The core LCT sector contributes £3.3bn GVA in WMCA, 4% of the region’s total. (West Midlands Industrial Strategy Sector Evidence Full Pack, September 2018).
- LCT is the only sector in which the WMCA has a higher GVA per employee than the UK overall with CWLEP: £148,000, BCLEP: £130,000 and GBSLEP: £132,000. (West Midlands Industrial Strategy Sector Evidence Full Pack, September 2018)