Manchester boasts a thriving energy and environment sector with expertise in low carbon technologies, nuclear energy, engineering and innovation. These industries already ensure a strong regional economy. With a GVA of £5.4 billion and over 113,000 employees working in its manufacturing and engineering activities. With high investment set for the area’s low carbon market, this trend is only set to continue highlighting how Manchester’s energy and environment sector is set to further strengthen the local economy.
Low Carbon Market
The global low carbon sector is worth £3.4 trillion. Furthermore with the largest low carbon sector in the UK outside of the South East, Manchester is in a great place to access it. Predictions state over the next few years Manchester will further leverage this opportunity by investing £8-10 billion. This is part of a mission to decarbonise the city. This means Manchester’s energy and environment sector is set to further strengthen the local economy. Not only will this create great opportunities for businesses, but the regional environment and quality of life will also improve.
As well as low carbon, Manchester has particular expertise in nuclear energy, power transmission and distribution, consultant engineering and innovation.
Manchester is at the heart of the UK’s nuclear industry. It is also home to major global players including Nugen and Dalton Institute.
Its world-class transmission and distribution and smart grid sector includes leading organisations such as Siemens, WSP Parsons Brinckerhoff and RXPE Power Engineering.
Providing a range of industrial consultancy services to the city are businesses such as Bouygues Energies & Services and Jacobs Engineering. The UK’s biggest regional financial and professional services hub that employs 250,000 people can also be found here.
With leading research facilities, four top universities, science parks and “living labs”, Manchester businesses have access to state-of-the-art facilities to test and trial their innovations, including those in the low carbon sector.