Renewable Energy

Britain's low-carbon economy is making £46bn a year

Statistics - Data showing more than 96,000 businesses involved in the renewable energy and low-carbon sector - SantanderCB

The Office for National Statistics has published data showing that there were more than 96,000 individual businesses involved in the renewable energy and low-carbon sector in 2014, generating more than £46bn annually and employing 240,000 people in the UK.

They accounted for 4.4% of the total number of British firms excluding the financial sector.

The highest percentage of renewables and low-carbon companies was seen in Scotland (5.2%), followed by England (4.4%), Wales (3.9%) and Northern Ireland (3.2%).

WWF Scotland director Lang Banks said the figures underline the importance of low-carbon businesses to Scotland and the rest of the UK, and he called on politicians on both sides of the border to commit to a renewable energy future.

He also believes Scotland had the chance to become the first fully renewable electricity nation in the European Union by 2030.


Note: News bulletin content has been provided by a third-party and is not the opinion of Santander.

Other Articles

Women in Business with Cause4

Santander announces breakthrough women in business mentoring programme in association with Cause4 .

When you’re an established business, recruiting top talent in all the areas you need can seem like a never-ending challenge.


If you’re a start-up or small business, how can you put together an attractive employee package to appeal to top talent – graduate and…

Stop fraud

More than one million incidents of financial fraud occurred in the first six months of 2016, according to official figures released by…

Santander’s Head of SME International Mark Collings discusses why exporting to new global markets may provide businesses with new and…

Where Next?