Communities Minister Baroness Hanham has announced £5.4 million of European investment to build state-of-the-art business facilities which will further development on Enterprise Zones.
Lady Hanham confirmed that the European Regional Development Fund Competitiveness Programme 2007- 2013 is investing £3.29 million in the HCA owned Darlington Business Growth Hub where work will start later this year.
The Baroness also announced that the European Regional Development Fund is investing £2.1 million in Boho 5, part of the DigitalCity initiative, that is expected to create at least 250 new jobs in 10 years.
The scheme is set to provide 2,322 sq m of high quality business accommodation targeted specifically at small and medium enterprises operating in digital and creative sectors.
Baroness Hanham said: “I am delighted to formally announce European Regional Development Fund investment for the Darlington Business Growth Hub and Boho 5, which will see the development of high quality premises enabling new and growing businesses to create jobs and wealth in Tees Valley.”
Darlington Business Growth Hub will comprise additional 3,200 m² of high quality Grade A office space for small and medium enterprises and is due to open January 2015.
The project will see the creation of at least 25 new businesses and 350 new jobs within the first 15 years of operation. The project is being managed by Darlington Borough Council with the Homes and Communities Agency providing the match funding.
David Curtis, Executive Director at the Homes and Communities Agency (HCA) said:
“The confirmation that these schemes will receive European Funding means that the HCA will invest an additional £5million in creating jobs in the Tess Valley.”
“We will invest £3million in the Darlington Growth Hub to help create a purpose built facility that will help new businesses grow and supports local jobs. Our £2 million investment in Boho 5 is a key part of our wider long term investment in Middlehaven to help create educational and employment opportunities for Middlesbrough”
The European Regional Development Fund Competitiveness Programme 2007-13 is bringing over £300 million into North East England to support innovation, enterprise and business support. It will help create and safeguard 28,000 new jobs, start 3,000 new businesses and increase the productivity by £1.1bn per annum.
Speaking at the conference, Mr Davey called on Scotland to remain in the UK to protect current high levels of renewable investment in the trades and safeguard additional employment opportunities for people in the trades.
Mr Davey said: “The UK offers a uniquely attractive, stable, transparent and supportive environment for investment in low carbon generation.
“Between now and 2020, the support we give to low carbon electricity will increase year-on-year to £7.6 billion – a tripling of the support for renewable energy.
“New research by my Department estimates that, since 2010, across the UK, over £29 billion of private sector investment in renewables has been announced supporting almost 30,000 jobs.
“Many of these jobs are highly-skilled and well-paid positions and employees can be proud to be a part of securing the UK’s energy supply.
“The commitment of the UK Government to a vision of a low carbon future is building up a bow wave of new jobs and investment in the economy.”
Renewables jobs and investment
New research shows that since 2010 more than £29 billion worth of investment has been announced in renewable energy with the potential to support around 30,000 jobs.
The figures produced by the Department of Energy and Climate Change show that between January 2010 and April 2013 industry has announced:
- 18,613 jobs and £14.5 billion investment in England,
- 9,143 jobs and £13.1 billion investment in Scotland,
- 1,952 jobs and £1.4 billion investment in Wales,
- 239 jobs and £304 million investment in Northern Ireland.
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The Green Deal will give homes and businesses a new way of paying for energy efficient improvements, such as insulation and new heating systems.
The scheme is expected to support 60,000 jobs in the insulation sector by 2015, providing a real boost for the expanding market of energy efficiency products and the construction industry.
Mr Crabb said: “Thousands of homes across Britain are wasting energy and money because of poor energy efficiency, yet demand for measures to counter this remains low. The Green Deal gives people the opportunity to make this right.
“And today, we will see that it’s not just consumers that will benefit. The Green Deal is also great for business, creating a new market and new jobs.”
The Greendeal programme provides funding of up to £15,000 for each home which can be used to install one or more officially approved Greendeal measures.
Green Deal in numbers
- £125 million is available in the Government funded Cashback Scheme
- 8 million households could benefit from solid wall insulation
- 4 million households could benefit from cavity insulation
- 60,000 jobs are expected to be supported in the insulation sector alone by 2015 – up from 26,000 in 2011
- £3.5 million of funding to training in key Green Deal skills
- £270 a year could be saved if a typical three bedroom semi-detached house installed just solid wall insulation
- 38% of the UK’s total greenhouse gas emissions come from leaky buildings
Housing Minister Mark Prisk announced today that up to 10,000 new homes could be built by 2015 that will create new jobs and boost the trades.
The minister announced the first 45 projects to be taken forward using the £1 billion Build to Rent Fund which will provide equity finance to house builders and developers.
Mr Prisk said that the innovative new projects, a quarter of which are for London, will be the first step toward creating a more balanced rental market, driven by quality instead of demand.
The Build to Rent Fund is designed to help developers invest in homes built specifically for private rent by reducing the up-front risk in a relatively untested market.
A first round of projects will now receive a share of £700 million government investment package, with a second round of bids for the remaining fund expected to open later this year.
Projects going forward in this round have the potential to deliver between 8,000 and 10,000 homes, and include:
- Genesis Housing Association, with plans for new rental homes around London
- Place First, along with Together Housing Group, who will be building across Northern England
- Crest Nicholson, who intend to bring a significant number of homes to market over many sites across the country
Mr Prisk said that the varied mix of developers, from brand new organisations and small housing providers to long-established developers, will bring new blood into a market currently dominated by small-scale buy-to-let landlords, and will help to give tenants more choice when choosing a home in the future.
Housing Minister Mark Prisk said: “This government is determined to get Britain building, and the Build to Rent Fund is set to help us deliver, with up to 10,000 new homes to be built from these projects.
“We’ve seen overwhelming demand for the fund, and it’s become clear that there’s a real appetite for rental investment. We want to support that, which is why we’ve made a £1 billion Budget boost to the fund.
“Now, these new projects will help us map this almost uncharted market, bringing in new blood to improve rental quality and choice, and building the new homes that this country wants and needs.”
What is your reaction to the new £1bn build-to-rent fund that will deliver 10,000 new homes and boost the trades? Share your thoughts by commenting here or raise your voice on our Facebook and Twitter pages.
Scottish Hydro Electric Transmission has awarded four contracts worth £600 million to build new electricity substations in the north of Scotland set to create new jobs and boost the trades.
This multi-million development of the new substations are an integral part of SHE Transmission’s investment programme to heavily upgrade and reinforce the transmission network and will help facilitate the connection of more renewable generation in the north of Scotland.
Miller Quatro is a joint venture between Miller Construction and three Spanish companies, Sacyr Industrial, Isastur and Aditel known collectively as Quatro T & D.
Chris Webster, Chief Executive, Miller Construction, said: “We are delighted to have secured a place on this substation delivery framework. Miller Quatro is a new entrant to the market place and we are looking forward to working with our joint venture partners to contribute towards the delivery of infrastructure required to support the connection of renewables.”
Pedro Siguenza Hernandez Chief Executive Officer of Sacyr Industrial said: “This agreement provides a significant opportunity for the growth of our Miller Quatro joint venture. We are fully committed to contributing to our client’s successful development of this framework”.
Demand for connection to the transmission network from renewable developers has increased considerably, requiring significant change to its configuration and operation.
David Gardner, SSE’s Director of Transmission, said: “The award of these contracts, with some of the industry’s global experts will help deliver the infrastructure that is needed to support the connection of renewables, as well as providing a boost to the local communities where we are operating.”
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The Government has announced a £20 million investment plan to build a renewable energy factory in Hull that will create 300 new trade jobs.
Energy Works, the technically advanced renewable energy power plant to be built in Hull, will use household waste, and will generate enough energy for more than 25,000 homes.
The funding has been given from the European Regional Development Fund (ERDF), which is managed by the Department for Communities and Local Government and is a key part of the financing for the £100 million-plus energy recovery plant that uses an innovative combination of green technologies and will be the first of its kind in the UK.
Communities Minister Baroness Hanham said: “This plant will reduce greenhouse gas emissions and contribute to the security and diversity of the energy supply.
“Supporting this Hull-based company with public funding to pioneer these cleaner, more efficient technologies and sharing the learning gained from operating the plant, will help to roll out similar facilities elsewhere in the UK and around the world.
“This investment will create highly skilled jobs and contribute to the Humber area’s growing reputation as one of the best places in the world to develop environmental energy businesses“.
The complete Energy Works development will be built to sort, pre- treat and process different types of waste with several advantages over more conventional technologies, including that it complemented recycling efforts and produced improved air quality.
Spencer Group’s Chief Executive Charlie Spencer said: “We are delighted that the Government and the European Commission have recognised that Energy Works is an innovative, green and clean development which can be replicated elsewhere.
“It has been a pleasure to brief the Minister on the many benefits it offers. This grant is a key element of the funding model and enables the project to move forward.
“As a Hull-based company, we are intensely proud that we will be pioneering a UK first in the city and that our investment will add to the Humber region’s credentials as the UK hub for renewable energy technologies.”
It is the first time that an All-Party Parliamentary Group has taken a trade mission on a visit to a market in conjunction with UK Trade & Investment (UKTI).
Infrastructure opportunities are growing rapidly in the South East Asia region, which includes some of the fastest-growing markets. The region is predicted to be the fourth largest market in the world by 2030.
The mission is set to start in Singapore where the group will meet key figures from the public and private sector education and business communities.
Trade and Investment Minister Lord Green said: “Getting more companies to export and attracting high-quality investment to the UK are key planks of the government’s Plan for Growth. Indonesia and Singapore are high growth markets and I am delighted to see this mission taking place.”
In 2011 UK goods and services exports to Singapore totalled £7.8 billion (+7.4% on 2010), making Singapore the UK’s largest trading partner in Southeast Asia. Opportunities in Singapore include machinery and transport, which is the largest UK goods export sector to Singapore.
MP Margot James said: “I am delighted to be leading this mission, the first by the All-Party Parliamentary Group for Trade and Investment.
“This trade mission is a fantastic opportunity to give British companies access to the exciting and growing markets of Singapore and Indonesia which are vital to delivering the UK’s economic growth agenda.”
The UK is ranked 20th largest exporter to Indonesia and the 3rd largest among EU member states. The UK’s largest exports to Indonesia include power generation equipment; general industrial machinery, road vehicles, pulp and waste paper and specialised machinery.
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Communities Minister Don Foster has committed to improving energy efficiency levels in new homes that will save up to £100 per year in bills and boost the trades.
A programme of work between the government, manufacturing and construction industry will look at where some new build homes are failing to match up to expectations, from building materials to construction practices, paving the way for new jobs across key sectors in the trades.
This work will include a programme of testing homes’ energy efficiency and a set of recommendations for making future improvement on the buildings that need additional work.
Speaking at the Eco-build green building conference today Don Foster said: “Home energy bills are one of the biggest costs that people and families face, especially during a really cold winter such as this one.
“I want to do everything to cut bills by making homes in this country the most energy efficient possible. From today government and industry will be working hand in hand to ensure new build homes live up to expectations, and drive energy bills down for householders.
“The alternative would be further regulation of industry but I do not want to add red tape and financial burdens that would just be passed on to already struggling homebuyers. Instead I want to work with industry to improve standards and performance in practice.”
New build homes in England are some of the best quality in the world, with existing high standards on energy efficiency. Today’s deal will be overseen by the Zero Carbon Hub, which brings together industry including the Home Builders Federation, Construction Products Association and the National House-Building Council.
The scheme will run from 2013 to 2020, with the first set of recommendations for improvement due next year. The government will be providing £380,000 with a further £1 million of cash and in-kind support from industry.
A £59 million Enterprise Zone Fund to help speed up growth and create thousands of new trade jobs has been launched by the Government.
Enterprise Zones across England can now apply for funding to help them ‘turn shovel ready sites into job ready sites’ by completing key infrastructure projects and boosting the trades.
They reflect the Government’s core belief that economic growth and job creation should be led by the private sector. The Zones are focused on removing barriers to private sector growth with lower tax levels for business and a simplified planning regime and a lighter regulatory and administrative burden.
The Fund will help those Zones with real growth potential to put in place the infrastructure required to unlock sites so businesses can set up and take advantage of the offer available in Enterprise Zones, such as business rate discounts, simplified planning and superfast broadband.
Secretary of State for Communities and Local Government, Eric Pickles said: “Economic growth is this government’s biggest priority and Enterprise Zones are the engine room of that strategy. They are a fantastic way to attract the jobs and business investment that local areas need. This new £59 million fund will turbo charge that engine by turning shovel ready sites into job ready sites.
“Enterprise Zones have all the raw ingredients and growth incentives – simplified planning, low tax, super fast broadband and inward investment – they need to translate their potential into jobs and growth success. This is an opportunity to lay the infrastructure foundations so they are ‘gift wrapped’ ready to house new businesses.
“It is time for Enterprise Zones to take up the gauntlet of growth. Local Enterprise Partnerships can do more to make zones realise their potential sooner. The government is determined to work flat out with partnerships to clear any roadblocks in their zone’s path so they can forge ahead and deliver the jobs the country’s economy needs.”
The £59 million fund is part of the Government’s Local Infrastructure Fund of £474 million designed for infrastructure investment to support local economic growth, jobs and homes.
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Prime Minister David Cameron has arrived on a three-day British trade delegation in India set to win investment and create thousands of new jobs.
In what looks like the largest UK trade delegation to visit India, the Prime Minister is accompanied by more than 100 business representatives, including senior staff from Rolls-Royce, BAE Systems and BP, that are hoping to build long-term partnerships and double exports to the country by 2015.
In 2010, the UK attracted 97 new projects from India generating 6,096 jobs. It is estimated that 700 out of 1200 Indian firms in the European Union operate from the UK.
It is forecast that India will spend $1 trillion in the next five years on infrastructure and Britain is hoping its building construction firms to win some of those contracts. The Prime Minister’s trade delegation also includes 30 small and medium-sized firms.
Speaking at Unilever’s Mumbai HQ, Mr Cameron said: “India’s rise is going to be one of the great phenomena of this century and it is incredibly impressive to see.”
“Britain wants to be your partner of choice. We’ve only just started on the sort of partnership that we could build. As far as I’m concerned, the sky is the limit.”
Between 2001 and 2011, UK goods and services imports from India rose by 220 per cent while exports to India rose by 240 per cent.
Over the same period, India became a more important trading partner for the UK, with a significant rise in total UK exports and imports.
The Prime Minister has blogged on LinkedIn about why he sees British trade delegations as a vital part of his job. Read it from here.
What is your reaction to the trade delegation led by Prime Minister David Cameron to build long-term partnerships, create new jobs and boost the trades? Share your thoughts by commenting here or raising your voice on our Facebook and Twitter pages.
The two incinerators will be built within a mile of each other. The first waste plant will be developed by Veolia Environmental Services . It will burn household waste and is to be located at a site near Cross Green in south-west Leeds.
The 8-storey building is set to generate enough electricity for 20,000 houses. Construction work on the multimillion project is expected to start at the end of this summer. It will continue for at least 36 months.
The £125 million energy from waste facility will be a largely glazed and timber frame building, which will be known as the greenhouse.
Councillor Mark Dobson, executive member for the environment said: “This decision has been years in the making and the level of scrutiny provided by panel members demonstrates just how important the incinerator is to the city.
“I’ve said frequently that we can’t afford to continue to bury waste in the ground on financial or environmental grounds.
“Alongside other improvements to our waste services, this is a significant milestone in enabling us to recycle as much as we can.
“With the final discussions set to get underway, we’re confident the end result will be a facility that will allow us to realise our ambitions for a cleaner, greener Leeds.”
A £50 million funding package will see an empty building in Glasgow City Centre transformed into high quality retail and office space, creating 250 new constructing jobs and boosting the trades.
From January, construction work will get underway at 110 Queen Street – a former bank – to create 143,000 sq ft of Grade A offices and 20,000 sq ft of retail space accommodating up to 1,500 workers.
The project, which is being developed and built by BAM, will receive a £9.6 million loan from the Scottish Partnership for Regeneration in Urban Centres (SPRUCE) Fund, which has been established with Scottish Government and European Regional Development Fund money.
The news of the development comes after a recent research report published by Ryden outlined a demand in Glasgow for new office space to enable it to compete effectively with other UK regional cities.
Speaking after making the announcement at the Queen Street site, Deputy First Minister Nicola Sturgeon said: “Significant city centre developments like today’s £50 million boost for Glasgow are central to stimulating economic growth across Scotland.
“This is absolutely imperative in these tough economic times. It is vital that we support opportunities for new business to help create new jobs and also encourage inward investment to Scotland.
“The transformation of this building, due for completion in 2015, will provide much needed high spec office space for Glasgow, which will enable it to compete more effectively with other large cities – and help to attract companies from across the globe.”
John Burke, Executive Director, BAM Construct UK, said: “This is terrific news for Glasgow and the wider construction sector, and is testament to the confidence investors have that BAM can deliver the largest office development to be built outside of London in a number of years.
“BAM is also investing £40.4m in this project which will generate spin-off economic activity, both short and long term in the construction sector and supply chain as well as a number of new apprenticeships. The team is keen to get started and will be moving on site on 7 January.
“It is our firm belief that this significant development will give Glasgow a competitive advantage by providing new quality office space, which is scarce, to established companies looking for long term growth, and help to attract inward investors to the city”.
The reforms to the scheme are set to deliver 55 per cent cost reduction and a total of £272 million worth of savings for participants in the in the scheme.
The simplification of the CRC programme will make it easier for businesses to feel the benefits of using less energy, and will also support jobs in the energy savings industry.
The changes are expected to increase demand for energy efficient products and services.
Minister of State Gregory Barker said: “Energy efficiency increases productivity and is good for growth so it is important that we continue to incentivise this through the CRC.
“We have listened to the concerns of business and radically simplified the scheme in order to cut down on administrative costs and red tape. And we will consider how to encourage new renewable on-site generation through the CRC scheme.
“The scheme will now be more flexible and light-touch, saving participants money and helping them to save energy”.
Reforms to the CRC Energy Efficiency Scheme include:
- Reducing the number of fuels that participants have to report against from 29 to 2 (electricity and gas for heating).
- Reducing scheme complexity by removing the 90% rule and Climate Change Agreements (CCA) exemption rule.
- Abolishing the Performance League Table but continuing to publish participants aggregated energy use and emission data.
- Reducing overlap with other climate change legislation.
- Withdrawing all state-funded schools in England from the scheme.
- Government will consider how the CRC can incentivise the uptake of new onsite renewable self-supplied electricity.
Carillion has committed to create and sustain at least 360 jobs and also encourage its business partners to invest locally in a range of new green energy projects.
Under the BES scheme, Carillion will work with Birmingham City Council as its exclusive delivery partner to improve the energy and carbon efficiency of up to 60,000 households across the city, together with schools and other non-domestic council properties.
The scheme will give households affordable ways of improving their properties by fitting energy efficiency measures, such as insulation and new boilers, under the Government’s Green Deal.
The eight-year contract is estimated to be initially worth up to £600 million, but has the potential to be extended to the wider West Midlands area under a framework agreement worth up to £1.5 billion over eight years.
Now that the contract has been finalised, Carillion is embarking on a recruitment programme to hire locally-based energy assessors, who will evaluate properties and provide advice on the energy efficiency improvements they require.
Commenting on the newly signed deal, Carillion’s Chief Executive Richard Howson, said:”Birmingham Energy Savers is a genuinely ground-breaking scheme and we are delighted to have agreed this contract with Birmingham City Council.
“We believe that in order to reach its full potential, the programme must fully engage with the community and this is why the next stage will focus on recruiting local people and businesses to deliver the scheme.”
Cllr James McKay, Cabinet Member for a Green, Safe and Smart city at Birmingham City Council, added: “This programme represents a major milestone in Birmingham’s green ambitions, and demonstrates that the social justice and environmental agendas go hand-in-hand with each other.
“It will reduce energy bills for citizens by up to £300 per year – taking up to 40,000 people out of fuel poverty by 2015 – create jobs in the technology supply chain and ensure that there are less carbon emissions from the city.”
Energy and Climate Change Secretary Edward Davey is to chair a summit for independent energy suppliers that could generate investment in the energy industry and create new jobs.
Mr Davey will host the meeting at the Department of Energy and Climate Change with representatives expected to attend from Co-operative Energy, Cornwall Energy Associates, Ecotricity, First Utility, Good Energy, Haven Power, Loco2 Energy, Opus Energy, Smartest Energy, Spark Energy, Utilita, and Ofgem.
Edward Davey said: “I want our energy market to be as competitive as possible. That is central to ensuring that our households and businesses can get the best deals for their gas and electricity,
“And that’s why I want to be sure that we make it as easy as possible for new players to break into the UK market, and that if there are any barriers to that, we do everything we can to remove them.
“As a long-time proponent of collective purchasing, I am delighted to see some of the smaller suppliers already winning customers through early collective switching initiatives, and that such schemes are helping them grow their customer base more rapidly.”
Areas of discussion are likely to focus on the obstacles facing independent suppliers to breaking into the UK energy market and growing their market share.
The Secretary of State also wants to take the opportunity to sound out independent suppliers on the Department’s proposals to reform the electricity market and proposals to legislate in the Energy Bill to ensure customers are on the cheapest tariffs.
On 23 November 2012 the Government announced, ahead of publication of the Energy Bill later this week, a landmark agreement on energy policy that will deliver a clear, durable signal to investors .
Over the next eleven weeks EDF Energy will be consulting on the company’s initial proposals to build the Sizewell C nuclear station next to an existing plant at Leiston
The project is expected to take nine years to complete. EDF said that the scheme could create 25,000 ’employment opportunities’, with 5,600 workers on site at the peak of construction.
EDF also wants to create two park and ride sites, intended for construction staff that will be employed to deliver the multi-million project.
Local people can have their say on areas such as the overall proposals for Sizewell C, a rail, sea and road transport strategy including park and ride sites, accommodation for workers, and the socio-economic effects of the power station construction.
Richard Mayson Director of Planning and External Affairs, Nuclear New Build, EDF Energy, said: “We are looking forward to talking to people in the local communities in Suffolk and with other stakeholders about our proposals.
“Sizewell C would generate enough electricity to supply one in five homes in Britain. It would make an important contribution to the UK’s future needs for low-carbon, secure and affordable energy. It would also create significant business, training and employment opportunities locally, regionally and throughout the UK.
“I urge you to play an active role in this consultation process. We are committed to giving your feedback serious consideration and will take it into account as we prepare detailed plans for Sizewell C.”
What is your reaction on building a new nuclear power station in Suffolk that will create new jobs and generate enough electricity to supply 5 million homes? Share your thoughts by commenting here or raising your voice on our Facebook and Twitter pages.
A wind farm that will create new jobs and generate £30 million for the Highland economy has been approved by the Scottish Energy Minister Fergus Ewing.
The 85-megawatt project will have 25 turbines and generate up to the equivalent of the energy needs of 40,000 homes.
The wind farm, by developers RidgeWind, will employ 90 people for its two-year construction and three people directly and three indirectly once up and running.
Mr Ewing said: “The construction will provide a valuable boost to the local economy, injecting £30 million and creating 90 jobs.
“Once it is up and running it will save thousands of tonnes of carbon dioxide each year, and it is expected that the savings made will ‘pay off’ the carbon footprint of constructing the site in less than two years.”
The developer is set to provide five £1000 scholarships for local young people going on into university or technical college.
What is your reaction to the approval of the Invergarry wind farm that is set to bring economic boost to the region and create new jobs? Share your thoughts by commenting here or raising your voice on our Facebook and Twitter pages.
The European Commission found sufficient safeguards to avoid “crowding out of private investment” and ensure fair competition whilst the bank is offering funding to accelerate the development of the UK’s green economy.
The bank’s mission is to invest in innovative and environmentally friendly projects for which a market failure has been identified. It is set to help offshore wind, waste and non-domestic energy efficiency sectors.
The Commission said the Green Bank will be capitalised with £3 billion and will intervene by syndicating and underwriting junior, mezzanine and senior debt, by taking equity stakes or granting guarantees.
According to the Commission, the new initiative will allow green projects to materialise while minimising potential distortions of competition.
The bank is seen as a crucial element in funding the country’s transition to a low carbon economy and it began investing directly in projects earlier this year.
Green Investment Bank chairman Lord Smith said: “This is excellent news and a very important milestone as we transition to a low carbon economy and work to boost investment across the industry.
“We have already made significant progress in building our teams and the necessary infrastructure for the bank and we expect to be fully operational in the next few weeks.
“We clearly have challenges ahead but we have the people, the expertise and the capability to deliver on our priorities and create the foundation for a new climate of green investment.”
What is your reaction to the UK’s £3 billion Green Investment Bank that is set to boost the green economy? Share your thoughts by commenting here or raising your voice on our Facebook and Twitter pages.
The Estates Master Plan, which was approved by the University’s Board of Governors last week, will create a single campus which will involve the construction of teaching and research buildings as well as new student facilities.
The first phase of the plan, costing around £700 million, will be delivered over the next six years and will throw a lifeline to the building industry and boost the trades.
Plans include building of a new engineering campus, new centres for the school of law and Manchester Business School, a major refurbishment of the university library, a bigger students’ union and new medical school.
Outline plans have been drawn up for a second phase which is expected to cost a further £300 million and is set to begin in 2018.
The second phase of the plan would create a Biomedical Campus around the existing Stopford Building along with other major developments for staff and students, including refurbishments in the Schools of Computer Science.
Vice Chancellor of the University of Manchester, professor Dame Nancy Rothwell, said: “Our long-term aim, as restated in our Manchester 2020 Vision, has been to create a world leading university that would compete with the best universities in the world and would occupy a single, outstanding campus, where some of our beautiful old buildings would stand alongside the very best in modern facilities for our research and our students.”
The UK Green Building Council (UKGBC) has announced the launch of a new project that will kick-start the Green Deal and creates new jobs.
Speaking alongside climate change minister Greg Barker at the Conservative Party conference in Birmingham, UKGBC’s chief executive Paul King welcomed the implementation of the scheme and outlined its potential for stimulating economic growth.
Mr King praised the Government’s commitment to the scheme, but warned that it needed adequate support to accelerate the level of uptake and implement its objectives.
He said: “The Green Deal still has the potential to be truly revolutionary in driving mass home retrofit. This new market could, if nurtured properly, create jobs, stimulate economic growth and protect consumers from ever-rising energy prices”.
Diana Montgomery, chief executive of the Construction Products Association, which is supporting the new project, said that despite the strong industry support for the Green Deal, more needed to be done to encourage households to take it up.
Dr Montgomery said: “Collaborating with the UK-GBC on this Green Deal Task Group project will help us to ensure that we can help Government effectively navigate the options they have available to them for capitalising on that opportunity.”
Incentives to be included:
- Stamp duty banding/rebates
- Council tax banding/rebates
- Energy efficiency feed in tariff
- Subsidised interest rates for Green Deal
- Low interest loans (outside Green Deal)/ Green mortgages (underwritten by Government)
- Lump sum grant/payment (cashback/vouchers)
- Progressively tightening minimum standards, inc. extending to owner-occupied sector
- Salary sacrifice (tax free scheme) through work/tax credits
- VAT cut extension to a wider range of measure
Over forty organisations have today joined forces to set out a long-term vision for the development of offshore wind in the northern seas that will boost the green economy and create new jobs.
The new network, called Norstec, includes world leading manufacturers, cutting-edge developers, supply chain firms as well as industry bodies representing the trades.
Its mission is to maximise the energy potential generated across the northern sea region which will benefit businesses in the renewable industry and boost the trades.
Prime Minister David Cameron, who first introduced Norstec at the Clean Energy Ministerial in April, emphasised on the benefits offered by the production of clean energy and encouraged the use of renewable resources.
Mr Cameron said: “I continue to be strongly supportive of the UK offshore renewables sector and am delighted to see Norstec rising from the waves.
“As I said, when I launched this network last April, we are on the cusp of a second, clean energy revolution in the North Sea. Close collaboration between industry and government will be critical to making this happen.”
Energy and Climate Change Secretary, Edward Davey, said: “The offshore wind industry represents a massive growth opportunity for the UK and our neighbours around the northern seas, bringing jobs and re-energising once thriving industrial heartlands on the East Coast and beyond.
Mr Davey said that the Government is determined to work closely with businesses in order to make the most from offshore renewable resources.
He said: “Norstec will help the offshore wind industry in the northern seas to grow and create a new industrial revolution, driving economic growth across this part of Europe. I’m delighted to see the potential for offshore wind deployment in the northern seas set out so clearly and vividly.”
The Government has granted planning consent for the building of a 60MW power plant in Cheshire which will create 500 new jobs during its 3-year construction period.
The Secretary of State for Energy and Climate Change, Edward Davey, has given the go-ahead for E.ON Energy and Tata Chemicals Europe to build a new power plant at Northwich which will generate enough power to supply 80,000 homes and boost the local economy.
The plant will be built and operated by EEW. It will use pre-treated waste from economically recyclable materials that would otherwise be destined for landfill.
A spokesman from the Department for Energy and Climate Change said: “It is essential we have a balanced energy mix in the future to provide low cost, efficient energy to households and businesses.”
Commenting on the development, Director at E.ON, Nader Bahri said: “This decision is a milestone for EEW in the UK as it is our second UK plant to be granted planning consent.
“As a result, many tonnes of waste that would otherwise have gone to landfill could now be used to create sustainable energy.”
Tata Chemicals Europe Managing Director, Martin Ashcroft, welcomed the decision by Government to approve construction of the plant which will bring more competitiveness in the energy market.
Mr Ashcroft said: “As an energy intensive business, we are faced with ever-rising gas prices which are increasingly difficult to absorb. The new plant will give us fuel price stability which will allow us to reduce our reliance on fossil fuels and to plan our long-term future.”
Shadow chancellor Ed Balls has called for the building of 100,000 affordable homes that will boost the economy and create hundreds of thousands of new jobs in the construction industry.
Today’s announcement comes as the shadow chancellor used his keynote speech at the Labour Party Conference in Manchester to demand radical measures to kick-start the economy and increase infrastructure spending.
Ed Balls said that a windfall of up to £4 billion is to come from the sale of the 4G mobile phone spectrum. This money could be used to fund the building of more affordable homes which will boost the trades and help people get on the property ladder.
Mr Balls said: “Let’s use that money from the 4G sale and build over the next two years 100,000 new homes – affordable homes to rent and to buy – creating hundreds of thousands of jobs and getting our construction industry moving again.”
According to the shadow chancellor, plans to boost long-term investment and skills are the only way to rising living standards and getting people into employment.
He said: “Conference, a clear and costed plan to kick-start the economy and get people back to work is to build the homes that we need now and for the long-term, building our way out of recession and re-building Britain for the future.”
What is your reaction to the proposal by the shadow chancellor Ed Balls to use the £4 billion from the 4G mobile phone network sale to build 100,000 affordable homes and boost the economy? Share your thoughts by commenting here or raising your voice on our Facebook and Twitter pages.
House builders will have the chance to put their bids forward to deliver major building work which could boost the London economy by £2 billion and create new jobs in the construction industry.
According to the Mayor, injecting such significant investment in the housing market could contribute £1 billion worth of construction projects across the city.
The Mayor has said that all ‘reusable investment’ from this funding boost will be reinvested for the building of more affordable homes over the next decade.
Motor Johnson said “To improve the housing choices of those who work to make this city the fantastic place that it is, I am opening up the market, cutting red-tape and injecting £100million worth of investment to stimulate supply.
“The programme we are announcing will not just unlock the door to home ownership for thousands more Londoners, it will give a welcome shot in the arm for jobs in the capital’s construction industry and spur wider economic growth too.”
The first homes are expected to be available for sale in early 2013 with completions ranging up until March 2016.
The proposed investment would also support the development of a new 25,000 sq ft manufacturing business centre which will pave the way for new employment in the trades.
Secretary of State for Communities and Local Government Eric Pickles, who visited the Enterprise Zone at Daedalus yesterday, revealed that £15 million of the investment will be used for building new homes and a community centre.
Hampshire County Council and the Department for Business, Innovation and Skills, which are funding the project, have forecast that the development could create 1,182 jobs, of which 828 will be permanent.
Secretary of State Eric Pickles said: “This over £25m boost for the Solent Enterprise Zone will unlock its huge potential to deliver growth, homes and jobs and make a real difference to Gosport.
“It is local business and commerce that creates the growth and jobs this country needs and it’s this Government’s job to foster the conditions for those businesses to thrive.
“That is why through the Government’s Growing Places Fund and the setting up of Enterprise Zones, we have empowered local enterprise partnerships to drive forward their own local economic development.”
Colin Molton from the Homes and Communities Agency said: “This package of investment is great news for the local economy, which stands to benefit significantly from the ripple effect of new jobs and businesses coming to the Solent Enterprise Zone.
“This has been the result of partners working closely together to devise an innovative package which will maximise the use of the funds available to have a real positive impact on the ground.”
The mixed-use housing scheme at Oakgrove, Melton Keynes, is set to stimulate economic growth and meet high demand for new homes in the area as well as boost employment in the construction industry.
Oakgrove will form a new community with varied sized homes in a parkland setting clustered around a new neighbourhood centre, which will include retail and restaurant facilities.
The development is designed to Code for Sustainable Homes Level 4 and it will deliver achieve energy efficiency of a modern home. It will also include affordable housing for those unable to get onto the housing ladder.
Crest’s Executive Board Director, Chris Tinker, said: “Crest Nicholson is delighted to be commencing the delivery of this landmark and much anticipated development at such a critical time in the economic cycle.
“We would like to pay testimony to the officers and members of Milton Keynes Council who have worked hard with the Crest and HCA project team to bring this scheme forward.
“I have no doubt that through the jobs created and quality new homes it will both stimulate growth and meet pent-up housing need.”
Today, seven cities across England are set to receive a share of the £12 million fund which will kick-start the Green Deal and boost the trades.
Birmingham, Bristol, Leeds, Manchester, Newcastle, Nottingham and Sheffield are the cities which have put proposals to lower their carbon emissions.
The Green Deal is a Government-backed scheme which offers loans to people to help make their homes more energy efficient.
The money will enable professional builders and trade firms to try certain elements of the scheme including assessment and installation of energy efficient measures.
Energy Secretary Ed Davey said: “These cities have really ambitious plans to lower their emissions, reduce energy use and help people save money on their bills.
“This funding will help them get up and running and I look forward to seeing a number of properties across whole communities get the energy efficient improvements they need.”
Earlier in the year, the Government announced that cities would be given greater freedoms, powers and tools to help them go for growth.
The new funding will test elements of the Green Deal framework and provide early feedback for the scheme’s future implementation.
It is expected to deliver around 2,500 retrofits to households and non-domestic properties across the seven major cities, providing support to local supply chains and registered installers.
The expansion programme also includes the regeneration of Swansea University’s Singleton Park Campus which will see further 6,000 indirect jobs supported in the wider economy.
Developer St Modwen will work closely in collaboration with its construction partner, Vinci, for building work to start in early 2013. The new campus and new student residences will be completed by autumn 2015.
Vice President of the European Investment Bank, Simon Brooks, said: “This scheme will not only benefit future generations of students, but develop specialist skills, drive innovation and enhance economic growth in Wales.
“The European Investment Bank is committed to funding leading research and educational excellence across Europe and is pleased to support this landmark investment.”
Swansea University’s Vice Chancellor, Professor Richard Davies said the University was grateful to the European Investment Bank and the Welsh Government for the investment which will create new jobs and boost the economy.
Professor Davies said: “The new Science and Innovation Campus is a transformational project for Wales and for the University.
“It promises to become a global exemplar for how a research intensive university can work effectively with industry, helping to drive economic regeneration and creating exciting employment opportunities for its graduates.”
The Crown Estate has submitted four planning applications as part of a £450 million redevelopment plan that will transform the St James’s area in central London and create new jobs.
A major part of St James’s will be rebuilt to create nearly 340,000 sq ft of mixed-use accommodation between Regent Street and Haymarket.
The lead scheme, known as St James’s Market, will see the building of a commercial redevelopment which will create offices, retail and restaurant space behind preserved historic facades in central London.
The proposals mark the next stage of the Crown Estate investment programme for St James which comprises nearly 50 per cent of the buildings in the area.
James Cooksey, Head of St James’s Portfolio said: “Our investment in St James’s builds on the area’s status by providing a first rate destination amenity space for those living, working and visiting the area.
“Together with our Gateway scheme and investment in Trafalgar House and British Columbia House, it demonstrates the major progress we’re making in delivering on our St James’s strategy.”
Commenting on the proposals, Alastair Smart, Head of Development said: “St James’s Market is perhaps the most significant development we have ever undertaken and builds on the two schemes currently on site as part of our investment in St James’s and Regent Street to provide modern space for global businesses.”
The St James’s Market proposals also include three associated private residential and affordable housing schemes. These will create new homes totalling 60,000 ft2, ranging from one bedroom apartments to four bedroom family homes.
In March 2012 The Crown Estate consulted the local community and received strong levels of positive feedback on the proposals, particularly in relation to the improvements to the accommodation and quality of the public areas in St James’s.
You can listen to the full interview with Babatunde via AudioBoo at: www.audioboo.fm/train4tradeskills
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“Deputy Prime Minister Nick Clegg says on TV that the Government’s planning changes are boost to solo traders in the trades”
The government is easing the planning rules on extending homes in England as part of a package to boost housebuilding and stimulate economic growth.
The Prime Minister and Deputy Prime Minister have announced a major housing and planning package which is set to build 70,000 new homes and create up to 140,000 construction jobs.
Speaking to BBC News this morning Nick Clegg said that people will be allowed to build up to 8-metre larger extensions to their houses without needing a planning permission. He argued that the relaxation of the planning regulations will create jobs and boost those professionals who are already working in the trades.
Clegg said: “The planning changes mean that people will get the local builder to extend their kitchen or conservatory which will create jobs and stimulate economic activity.”
The Deputy Prime Minister said that the package announced today includes investing hundreds of millions of pounds into building more affordable homes as well as a £40 billion guarantee for infrastructure projects to support the building construction industry.
The Prime Minister, David Cameron, said in a statement that the Government’s announcement will help people to build new homes and ‘kick-start’ the economy.
Mr Cameron said: “We’re determined to cut through the bureaucracy that holds us back. That starts with getting the planners off our backs, getting behind the businesses that have the ambition to expand and meeting the aspirations of families that want to buy or improve a home.”
- Removing restrictions on house builders to help unlock 75 000 homes currently stalled due to sites being commercially unviable. Developers who can prove that council’s costly affordable housing requirements make the project unviable will see them removed.
- New legislation for Government guarantees of up to £40 billion worth of major infrastructure projects and up to £10 billion of new homes. The Infrastructure (Financial Assistance) Bill will include guaranteeing the debt of Housing Associations and private sector developers.
- Up to 15,000 affordable homes and bring 5,000 empty homes back into use using new capital funding of £300m and the infrastructure guarantee
- An additional 5,000 homes built for rent at market rates in line with proposals outlined in Sir Adrian Montague’s report to Government on boosting the private rented sector
- Thousands of big commercial and residential applications to be directed to a major infrastructure fast track and where councils are poor developers can opt to have their decision taken by the Planning Inspectorate.
- Calling time on poor performing town hall planning departments, putting the worst into ‘special measures’ if they have failed to improve the speed and quality of their work and allowing developers to bypass councils. More applications also will go into a fast track appeal process.
- 16,500 first-time buyers helped with a £280m extension of the successful ‘FirstBuy’ scheme, which offers aspiring homeowners a much-needed deposit and a crucial first step on the housing ladder.
- For a time limited period, slashing planning red tape, including sweeping away the rules and bureaucracy that prevent families and businesses from making improvements to their properties, helping tens of thousands of home owners and companies.
You can listen to the full interview with George via AudioBoo at: www.audioboo.fm/train4tradeskills
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You can listen to the full interview with Danny via AudioBoo at: www.audioboo.fm/train4tradeskills
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The scale of green employment and low-carbon infrastructure investment has been rising, employing a significantly larger workforce than other UK industry, a major report by the Green Alliance think tank revealed today.
According to the report, the current state of the Green Economy, which is worth £122 billion, has been consistently growing by 5 per cent since the beginning of the financial crisis in 2008.
The Green Economy currently forms almost 10 per cent of the total economic activity in the UK, employing 939,600 people in low-carbon and environmental jobs.
The Green Alliance said the UK’s top 20 infrastructure projects in 2012-13 will deliver a £23 billion investment which will bring further employment opportunities for people in the trades.
Speaking to Business Green today, report author Alastair Harper, said that some of the biggest projects in the pipeline are in the offshore wind industry as well as in public transport, nuclear and other renewable programmes.
He said: “All you are going to get with more road, gas and airport infrastructure is the same level of capital investment we’ve been bumping along with since the 1970s.
“In contrast, the green economy is about new projects that can attract new investment, and provide a source for exports.”
Mr Harper said that despite negative language from some ministers, the green industry has been able to get major international investors “to open up their wallets” and invest in the low-carbon sector.
What is your reaction to the low-carbon investment which led the green economy to succeed in crating hundreds of thousands of green jobs? Do you agree with the current trend which is forecast to continue in future?
You can listen to the full interview with Lincoln via AudioBoo at: www.audioboo.fm/train4tradeskills
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Thousands of new trade jobs could be created as the Prime Minister, David Cameron, encouraged officials to reconsider plans to build a £30 billion barrage across the Severn estuary between England and Wales.
After a meeting with Peter Hain, who left his post as shadow Welsh Secretary in 2010 to back the project, David Cameron has asked ministers to take another look at the multi-million scheme which will create 20, 000 construction jobs and diversify the country’s energy supply.
It has been estimated that the 10-mile barrage from the Vale of Glamorgan to Somerset would provide 5% of the UK’s electricity demand, creating tens of thousands of additional jobs in activity around the barrage.
Hain told BBC Wales that it was a “more productive meeting than might have been expected”, revealing that “Number 10 are taking the barrage much more seriously than has been the case over the last few years”.
It is understood that much of the funding for the scheme would come from global private investors and taxpayers’ money will not be spent. According to Mr Hain, ‘several’ sovereign wealth funds have already come forward to finance the project, including investors from Kuwait and Qatar.
Mr Hain said: “Government support is an absolute pre-requisite for getting the whole project underway.
“Not a penny of taxpayers’ money would be needed for this £30bn investment, which would be transformative for Wales.
“It would create 20,000 jobs in construction and another 30,000 in activity around the barrage.”
What is your reaction to the Prime Minister’s support to urge ministers to reconsider building plans for the £30 billion barrage that will create thousands of new jobs? Share your thoughts by commenting here or raising your voice on our Facebookand Twitterpage.
The University of Cambridge has been granted planning permission to build 3, 000 new homes as part of its £1 billion development in northwest Cambridge, creating significant employment opportunities for people in the trades.
The planning application for the 150 hectare site was approved by local authorities today, paving the way for residential and development partners to start building construction work in early 2013.
Cambridgeshire County Councillor Ian Bates welcomed the project’s planning consent. He commented that the £1 billion investment will encourage economic growth and create new jobs, showing that Cambridge is truly open for business.
Mr Bates said: “This new development and investment in the University will be a major boost to jobs in the area and help attract even more business.
“A booming Cambridge economy is good for our local communities and the nation as we have the ability to help the country out of recession.”
The University of Cambridge said in a statement today that it will provide 1,500 homes for key University and College employees, 1,500 homes for sale and accommodation for 2,000 students.
New 100,000 square metres research institutes will be built to the University’s wide range of community facilities. Around one third of the site will be used as public open space for sports, informal recreation and ecological use.
“This development is a major part of the University’s long term future,” said Vice-Chancellor Professor Sir Leszek Borysiewicz. “It will provide much of the residential and research accommodation that the University needs as it grows over the next 20 years.”
Councillor for South Cambridgeshire District Council, David Bard, said: “This development is key to the next stage in the development of Cambridge and will be an exemplar of sustainable living. The plans are of a very high quality and will deliver a new community that everyone will be very proud of.”
What is your reaction to the £1 billion investment at the University of Cambridge that will encourage economic growth and create new jobs? Share your thoughts by commenting here or raising your voice on our Facebook and Twitter page.
You can listen to the full interview with Simon via AudioBoo at: www.audioboo.fm/train4tradeskills
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You can listen to the full interview with Simon via AudioBoo at: www.audioboo.fm/train4tradeskills
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Deputy Prime Minister Nick Clegg has announced a £100 million fund for green investment which will create new jobs in the renewable energy industry.
Speaking to an energy conference in London’s Lancaster House today, Mr Clegg defended the Government’s commitment to support the renewable energy sector, outlining lasting benefits to the UK low-carbon economy.
He announced multi-million contracts by UK Green Investments (UKGI) with fund managers Equitix and Sustainable Development Capital (SDCL) to provide initial capital to encourage foreign and domestic investment in non-domestic energy efficiency.
The Deputy Minister’s announcement was hailed with a £12 million expansion by a recycling firm Closed Loop in Dagenham, East London, that will create and safeguard 100 jobs.
The UK is the sixth largest market in low carbon goods and environmental services in the world. It contributes 3.9 per cent of the UK’s GDP and employs 173,000 people.
The Deputy Prime Minister said that the Coalition Government is ‘unreservedly committed’ to help Britain’s low carbon sector thrive, providing a clean and green economy.
He said: “There is a global energy revolution underway and the UK is not going to be left behind. We’re leading from the front.
“Together we find ourselves at the vanguard of one of the most dynamic, most innovative, most important industries of our time; an industry whose breakthroughs and endeavours will shape our societies for years to come; an industry that will help us build a more stable, more sustainable, more prosperous world.”
What is your reaction to the Government’s £100 million fund that will accelerate investment in the renewable industry and create new jobs? Share your thoughts by commenting here or raising your voice on our Facebook and Twitter page.
A multimillion accommodation scheme at the University of Stirling has been granted to a large construction firm which will see will the creation of 788 contemporary bedrooms and bring new jobs during its three year redevelopment period.
The £11 million contract will enable Stirling to compete with universities and colleges around the world whist creating employment opportunities for people in the trades and directly benefiting the local economy.
Building construction work, which is due to start this year, will improve current student accommodation with newly-designed study bedrooms, spacious kitchens with dining space, and increased social spaces.
Director of Estates & Campus Services, Karen Plouviez, described the scheduled redevelopment as the largest capital project the University has undertaken since it was created in the late 1960s.
Ms Plouviez said “We are looking forward to working in partnership with GRAHAM Construction to deliver this transformational project and to sensitively enhancing what is already an exceptional landscape and architectural setting.”
Regional Director for Graham Construction said: “Graham has a policy of being a responsible neighbour to the communities we operate in and we will be seeking to build relationships with the local construction industry and its supply chain.”
What is your reaction on the multimillion accommodation scheme at the University of Stirling? Do you think the local construction industry could benefit by the willingness of Graham Construction to cooperate with its supply chain? Share your thoughts by commenting here or raising your voice on our Facebook and Twitter page.
Changes to subsidies for renewable electricity in Britain could accelerate up to £25 billion of new investment and create thousands of new jobs according to the Secretary of State for Energy and Climate Change, Edward Davey.
Bandings for renewable technologies were set last week under the Government’s Renewables Obligation which will support and create new green jobs whilst at the same time minimise energy cost to consumers.
Edward Davey, Secretary of State for Energy and Climate Change, welcomed the decision which will ensure rapid growth in the renewable energy and unlock further green investment.
Mr Davey said: “Renewable energy will create a multi-billion pound boom for the British economy, driving growth and supporting jobs across the country.
“Because value for money is vital, we will bring forward more renewable electricity while reducing the impact on consumer bills between 2013 and 2015, saving £6 off household energy bills next year and £5 the year after.”
The Banding Review (as set out by the DECC) includes:
- Support for onshore wind from 2013-17 will be reduced by 10% to 0.9ROCs, as consulted on in autumn 2011. This level is guaranteed until at least 2014 but could change after then if there is a significant change in generation costs. A call for evidence on onshore wind industry costs will be launched this autumn and report in early 2013.
- Rates of support for offshore wind will reduce as the cost of the technology comes down during the decade;
- Support levels for certain marine energy technologies will more than double from 2ROCs to 5ROCs per MWh, subject to a 30MW limit per generating station;
- There will be a new band to support existing coal plant converting to sustainable biomass fuels. This will increase the amount of renewable energy produced at less cost to consumers; and
- There will be no immediate reduction in support for large-scale solar, but there will be a further consultation this year on reduced support levels given recent dramatic falls in costs.
Speaking today at the largest trade and investment event ever held in Britain, Prime Minister David Cameron said that the £8 billion development of the Battersea Power Station in South West London will create 20, 000 jobs during its construction.
The mixed development will contain homes, office space, a hotel and retail space and will see the Northern Line extended with a new transportation hub at the Power Station site.
The Global Investment Conference, launched by the Prime Minister, is the first of a series of global business summits being held in London to showcase the UK during the Olympic and Paralympic Games. The event is expected to generate hundreds of thousands of new jobs for people in the trades.
The conference kicks off the largest and most ambitious set of trade events held in Britain. During the six weeks of the Games, the British Business Embassy will host 17 global business summits that will bring over £1 billion of deals and projects.
These events will allow more than 4,000 business leaders and politicians to exchange views and ideas, discuss local and international economic challenges as well as develop strong global partnerships for future growth and showcase the best of British business to the world.
Chancellor George Osborne said: “Britain has always been a country that is open to the world. In hosting the Olympic Games, we are showcasing that openness. As we welcome the world’s best athletes, we also welcome the world’s best companies – so that they can succeed, invest, and create jobs in Britain.”
Business Secretary Vince Cable said: “Tomorrow we welcome the world to London as the 2012 Olympic Games get underway. This summer is more than just a great sporting spectacle – it is an unrivalled opportunity to promote the best of British industry and make the most of our openness to foreign trade and investment.”
This month, the UN’s World Investment Report showed that the UK had retained its place as the number one destination in Europe for inward investment. The report showed that there were almost 60,000 new jobs created last year as a result of inward investment.
What is your reaction to the Global Investment Conference that could bring billions of pounds to the UK economy? How much of an impact will the Olympics have on your business? Share your thoughts by commenting here or raising your voice on our Facebook and Twitter page.
The UK has been ranked as the most energy efficient country in the world according to a new study which calculates countries’ efforts to reduce energy use and shows the overall effect of green policies, contributing for the creation of thousands of new jobs in the renewable engineering industry.
The study was published by the American Council for an Energy-Efficient Economy (ACEEE) which ranked the UK first among the world’s 12 largest economies, closely followed by Germany, Italy, and Japan, for reducing pollution in industry, transport and buildings.
British Secretary of State for Energy and Climate Change, Edward Davey, welcomed the International Energy Efficiency Scorecard by the ACEEE, emphasising the importance of low-carbon and renewable initiatives in the UK for future economic growth and sustainable development.
Mr Davey said: “The UK and the leading economies of Europe are now well ahead of the United States when it comes to energy efficiency. This is significant because countries that use energy more efficiently require fewer resources to achieve the same goals, thus reducing costs, preserving valuable natural resources, and creating jobs.”
The 12 largest economies, Australia, Brazil, Canada, China, France, Germany, Italy, Japan, Russia, the United Kingdom, the United States, and the European Union represent over 78 per cent of Global Gross Domestic Product; 63 per cent of global energy consumption; 62 percent of the global carbon-dioxide equivalent emissions.
Author of the report and ACEEE Senior Researcher, Sara Hayes, said that investment in cost- effective energy efficiency can help many countries to strengthen their economic competitiveness and create new jobs in the renewable industry.
Ms Hayes said: “While energy efficiency has played a major role in the economies of developed nations for decades, cost-effective energy efficiency remains a massively underutilized energy resource. Fortunately, there is a lot countries can do to strengthen their economic competitiveness through improvements in energy efficiency.”
What is your reaction to the new report by the ACEEE that rates the UK as the world’s most energy efficient country? Share your thoughts by commenting here or raising your voice on our Facebook and Twitter page.
Around 7 000 gas engineers, qualified electricians and plumbing professionals could benefit from the £22 billion investment plan announced by Britain’s energy regulator.
Ofgem (the Office of Gas and Electricity Markets) has unveiled an ambitious plan to upgrade country’s gas and high voltage electricity networks, ensuring they remain among the most reliable and secure in the world.
Major projects such as new sub-sea electricity cables, linking England, Wales and Scotland, will be also funded as part of the package to renew Britain’s energy networks, currently operated by the National Grid.
The announcement was revealed within minutes after the government’s confirmation for a £9 billion boost investment programme to improve the nation’s railways. Both announcements today represent a total investment of £31 billion which will provide significant employment opportunities for trade qualified professionals.
Ofgem has estimated that £7 billion from the announced investment would help improve low pressure gas networks which deliver gas to homes and businesses across Britain.
In addition, these proposals are expected to enable gas distribution companies to connect around 80, 000 fuel poor households to the gas network.
Ofgem Chairman, Lord Mogg said: “Britain faces an unprecedented need to invest to replace ageing infrastructure, meet environmental targets and deliver secure supplies.
“This needs to be carried out at a time of global financial uncertainty, which makes attracting investment difficult but possible.”
What is your reaction on the £22 billion investment which will upgrade Britain’s energy networks and pave the way for more employment opportunities for gas/electrical engineers? Share your thoughts by commenting here or raising your voice on our Facebook and Twitter page.
“Growth-boosting railway projects to help for the creation of new electrical, plumbing and engineering jobs”
The Government has announced a £9.4 billion infrastructure investment package that will deliver sustainable economic growth and pave the way for thousands of new jobs for people in the trades, the Department for Transport revealed today.
The plan includes the electrification of a number of railway schemes including the Midland Main Line between Bedford and Sheffield creating new jobs in the electrical engineering sector.
Other rail improvements contributing for the creation of more employment opportunities for trade professionals including electricians and engineers, have been announced for the Manchester area, south Wales and East Coast Main Line
Prime Minister David Cameron called it the “biggest modernisation of our railways since the Victorian era” with the deputy Prime Minister, Nick Clegg, naming it as “the biggest expansion in railways in over 150 years”.
The £9 billion investment of growth-boosting railway upgrades across England and Wales will mean faster journey, more reliable services and an increased capacity for 140,000 extra daily commutes, Transport Secretary Justine Greening said in a statement.
Prime Minister David Cameron said: “From Crossrail, high speed rail and now the billions of pounds of investment we are announcing today, this government is committed to taking the long term decisions to deliver growth and jobs.
“In what is the biggest modernisation of our railways since the Victorian era this investment will mean faster journeys, more seats, better access to stations, greater freight links and a truly world class rail network.”
Chancellor of the Exchequer George Osborne commented he was pleased with the government’s decision to fund in full the Northern Hub which will help rebalance the UK economy and enable future economic growth throughout the regions.
Mr Osborne said: “This government is making more funds available to invest in rail projects than at any time since the Victorian era, and shows that the government is committed to delivering on its promises to support investment in public infrastructure that will support economic growth.”
As reported on the BBC website some of the newly announced major improvements include:
- Electrification – completion of the Midland Main Line from Bedford to Sheffield costing £800m, local lines in the Welsh Valleys, costing £600m, and an extension of the already-announced electrification between Manchester and Leeds
- The Northern Hub – a series of projects around Manchester worth £322m that improve northern rail capacity to get more and faster trains across the north of England
- Upgrades to the East Coast Main Line from London to Leeds and Newcastle worth £240m to create faster journeys and capacity
- The reopening of the east-west link from Oxford and Aylesbury to Milton Keynes
- Electrification of the lines from London to Bristol and Cardiff, and from Manchester to Liverpool, Blackpool and Leeds
- Upgrades to stations and tracks creating capacity for an additional 140,000 daily rail commutes at peak times, including £350m for lengthening platforms at London’s Waterloo station
What’s your reaction to the huge investment in rail infrastructure projects across England and Wales which is expected to boost the economy and create new jobs? Share your thoughts by commenting here or raising your voice on our Facebook and Twitter page.
Three of the leading UK housebuilders are set to build thousands of new homes as part of a major transformational project in Bishopton, South West Scotland, creating new jobs in the building construction sector.
More than 2,500 new homes will be built over the 15-year development programme, making this one of the most exciting property developments taking place in the UK at the moment.
Construction work on the first phase of the £32 million residential development is scheduled to start in September 2012. During its construction phase, the project is expected to create around 4,000 full and part-time employment opportunities for local residents and people in the trades.
Project Director for BAE Systems, Lynda Johnstone, said: “It is testament to the scale and quality of the transformation project that it has sparked the high level of interest from property developers of the calibre of Taylor Wimpey, CALA and Persimmon.
“The multi-million pound regeneration programme will see high quality homes in the area and deliver a new community, which alongside the housing development will include a new primary school, library, community centre, leisure facilities and woodland park to complement the existing friendly, close-knit village feel of Bishopton.”
The regeneration is expected to deliver significant employment and business opportunities with the first homes going on sale in early 2013.
What is your reaction on the development programme that will build energy efficient homes and create new jobs for people in the building engineering industry? Share your thoughts by commenting here or raising your voice on our Facebook page.
The Scottish Government is going to invest more than £2 billion in a new energy efficiency scheme that will insulate thousands of new homes across Scotland and create new jobs for people in the trades.
The new investment will be delivered over the next ten years in a national programme that will transform aging houses, reduce heating costs and improve energy efficiency in Scottish homes.
Commenting on the £2 billion programme, Cabinet Secretary for Infrastructure and Capital Investment, Alex Neil explained it is essential to put such measures in place in order to improve the energy efficiency of homes across Scotland. He also emphasised the importance of the project for the creation of new jobs and future economic recovery.
Mr Neil said: “These strategies provide a great opportunity for Scottish businesses and can provide a real boost to our economy. Working with the energy companies, we plan to ensure investment of over £2 billion pounds is provided over the next ten years to ensure our housing stock is energy efficient.
“New technologies, which would bring down carbon emissions as well as household fuel bills, are key to energy efficient homes and a vital element in economic recovery.
“The drive to transform new-build through innovative design and construction approaches creates economic and export opportunities for Scottish companies, along with an opportunity to make greater use of Scottish timber in innovative products.”
What is your reaction to the £2 billion investment that will boost the building construction sector? Share your thoughts by commenting here or raising your voice on our Facebook page.