The Green Economy and Funding

EU Funding and Environmental Projects 8th Sept

Green Economy Pathfinder

• Manifesto published – May 2012

• Establish Norfolk and Suffolk’s ‘USP’ in leading the Green Economy.

• Sets a clear vision and route map for sustainable growth: • 60% CO2e emissions reduction by 2025

• Significant growth in LCEGS jobs / GVA

• Partnership driven and supported Business, Government, Academia and Voluntary sectors

• Supported by seven Gov't Depts

• Unique opportunity for New Anglia

Size of the Prize

£3.2 trillion value of global low-carbon and environmental goods and services (LCEGS) sector

£121bn UK share of LCEGS market

45% projected growth in UK

LCEGS market by 2014/15

Performance Employment Turnover GVA

Growth 2010-13 12% 24.7% 28.4%

CAGR 3.8% 7.8% 8.7%

4,000 new LCEGS jobs to be created by 2017

1 in 12 jobs in New Anglia area directly

dependent on natural capital

Source: BIS, March 2015

Strategic Economic Plan

• Green Economy sits at the heart of the SEP… and…

• European Investment Strategy • Innovation Strategy • Sector Growth Strategies • Skills Strategy and more…

• Underpins our ambitions for growth across all key sectors

• Ensuring both sustainable and transformational development

Successes

• Leading region leveraging investment in low carbon energy generation and supply

• Supported creation of a new an innovative Local Nature Partnership, Wild Anglia

• £10m ESIF funds focussed on low carbon growth and climate change adaptation

• Growing Places supporting leading low carbon investments

• New Sustainability Criteria for ESIF and LEP funds

Successes

• Strengthening inward investment offer for our energy sector Enterprise Zones

• Increased visibility of investment funds through Low Carbon Innovation Fund, with a portfolio currently worth in excess £100m

• Broads National Park strengthening the region’s investment in natural capital

• The Green 100 campaign, supported by Archant

• New and innovative Business Resource Efficiency programmes, supported by the Growth Hub.

UEA Enterprise Centre

Leading Low Carbon Energy

Greater Gabbard Dudgeon

East Anglia ONE Galloper

Great Blakenham Energy from Waste Sizewell C Nuclear Power Station

Some hidden gems…

East Anglia ONE

Sizewell C Nuclear Power Station

Adnams BioEnergy Reydon

Promens

Solar PV @ Promens Beccles

Solar Thermal @ Petans Norwich

FLI Energy Biogas Plant Beccles

Scottow Moor Solar Farm Coltishall, Norfolk

• Muntons • Recycling 99.9% waste • 25% water reduction • £13m invested in green

initiatives and technologies

£5bn invested in new infrastructure, halving the embodied carbon Leading the UK’s water industry in the challenge against climate change

Leadership & Vision

Driving increased ambition

Genuine Collaboration

Still more work to do…

• Increase activity across all areas… time to move up a gear! •CO2 reduction at 40% projection, not 60%

by 2025. Step change required. •Growth – embedding sustainability and

green economic principles across LEP programmes and sectors •Brand – Maximise Green Economy as part

of New Anglia's Economic Ambition

Still more work to do…

•We need to develop a commercially focussed approach to better engage business

•We need to better promote New Anglia’s comparative advantages; agri-tech, energy, food & health, built environment, digital…

• Stronger and renewed commitment to addressing climate change and economic resilience

The future

• Stop being a pathfinder.

•Renewed focus with a new model.

•Capitalise on the commercial opportunities across the green economy

• Encourage international investment to develop new products and technologies

•Commercialise and ‘spin-out’ the Green Economy Pathfinder

Thank you. Questions?