A new study of Greater Manchester’s green technology and services sector has revealed that the sector, which generated £8.6 billion in sales in 2019-20accounts for 14.5% of the business base and 3.2% of employment in Greater Manchester.
Green Economy, a membership organization connecting buyers with suppliers of green products and services, launched its second city-region sector mapping study during the GM Green Summit on October 17, 2022. The study, commissioned by Green economy was delivered by Ove Arup in association with KMatriceNamefound that Greater Manchester’s green technology and services sector is larger than the local advanced manufacturing, digital, creative, science and research and development sectors combined.
Amy House, Director of Green Economy, said:
“This report found that Greater Manchester’s green technology and services sector punches above its weight and is home to the UK’s third largest green economy, behind London and the South East, with 4% of local sales coming from the sector. .
“Internationally, Greater Manchester outperformed Milan, Copenhagen, Seattle, Berlin, Rome and Stockholm when comparing the value of sales as a proportion of GDP and contributed 46% of the North West sector’s exports.”
The report highlighted many local supply chain strengths, but identified that Greater Manchester had experienced a slightly slower rate of growth (7.1%) than the UK (7.4% ). And over the same period, the sector overall grew by 14%.
Amy House said:
“Our report identified a positive story about the sector; however, we can see that we will need to invest more if we are to ensure that Greater Manchester seizes the opportunities presented by the net zero transition, particularly in renewable energy generation and storage. The green economy plays a vital role here, working with businesses at the heart of the transition to net zero to help them increase their competitiveness by diversifying, upskilling their workforce and connecting them to new growth opportunities. market.
Green Economy works with the Greater Manchester industry through the GC Business Growth Hub, which provides funded support to small and medium-sized businesses in the region.
Janine Smith, Hub Director, said:
“We are incredibly proud at GC Business Growth Hub to deliver a comprehensive approach to reducing carbon emissions, with our sustainability and Net Zero team implementing resource efficiency measures on the path to net zero, and With the Green Economy developing the local supplier network that will ensure this transition, I urge all installers, suppliers and providers of green products and services to get in touch and talk to Green Economy today.
Greater Manchester’s Green Economy – Sector Mapping Study can be downloaded from Green Economy.
Please direct all media inquiries to:
Jacqui Musson Communications and Engagement Manager [email protected] 07900 906911
The Greater Manchester Green Economy – Sector Mapping Study was commissioned by Green Economy and carried out by Arup and using KMatrix data (amongst others). It analyzes the green technologies and services sector which includes the low-carbon and environmental goods and services sector, as well as emerging technologies and services, including hydrogen, district heating and climate adaptation.
A complete methodology and an explanation of the taxonomy are available as an appendix to the main document.
About the green economy
The Green Economy brings together the installers, tradespeople and professionals we need to take the UK to net zero emissions in one network. We help suppliers grow and grow their business, while our unrivaled supply chain knowledge enables us to help buyers of all sizes find their ideal project partner.
More information on the green economy is available on the website: www.greeneconomy.co.uk
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