Tag: Aldersgate Group

Clear industrial strategy in response to the Inflation Reduction Act vital to protect British industry

Stuart Mitchell

New research from WPI Economics on behalf of the Aldersgate Group, launched recently, finds that without further policy support for heavy industrial decarbonisation, the sector’s contribution to the UK’s economy is at risk. This could wipe out over £224 billion or 5.9% total gross value added (GVA) in 2050. The UK’s heavy industries and their wider supply chains are a critical foundation of the economy, contributing £152bn in GVA to the UK economy and supporting over 1.4 million jobs. across the country. However, if a thriving green industrial sector is…

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Move to net zero emissions creates an opportunity to grow UK industrial supply chains – but a comprehensive plan is needed

Stuart Mitchell

The Aldersgate Group launches a new report today arguing that the decarbonisation of the UK’s heavy industrial and manufacturing sectors could drive the growth of low carbon industrial supply chains in the UK, increase these sectors’ contribution to the economy, and make UK industry more resilient to global economic shocks and supply chain disruptions. Based on significant engagement with major businesses across heavy industrial and manufacturing sectors, this report calls on Government to build on its Net Zero and Industrial Decarbonisation Strategies and put in place a comprehensive plan to establish stronger low…

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