Research into the low carbon sector commissioned by the Leicester and Leicestershire Enterprise Partnership (LLEP) has identified that cutting edge technologies, innovative companies and world class research establishments could generate some 2,500 jobs and £1.2 billion for the local economy by 2020.
In addition, the research has identified ways to cut carbon emissions by around 1,500 kilotonnes per year – which is the equivalent of driving round the world 200,000 times.
The LLEP has also been cited as an example of best practice for the research. The report, “Fit for the Future? Local Enterprise Partnerships’ Climate Ready and Low Carbon Economy Good Practice”, by Sustainability West Midlands, highlights the LLEP’s ambitious approach to carbon reduction.
The government selected Leicester to host a national Low Carbon European Funding workshop yesterday to help local companies find out more about how they can get European Funding for projects such as heat and energy reduction schemes.
Dr. George Gillespie, Vice-Chair of the LLEP, said: “The low carbon sector in Leicester and Leicestershire contains a base of innovative, dynamic companies, which are supported by excellent research establishments containing world class facilities.
“We are working with partners to help unlock the great economic impact the Low Carbon sector has in our area. This sector impacts upon the whole economy and its continued growth has a key role to play in the overall economic success of Leicester & Leicestershire.”
The research forms one of the LLEP’s eight “growth plans” in sectors which are deemed to have massive potential for growth