A green industrial revolution
The UK is leading the shift to a clean energy economy, creating significant investment opportunities. New opportunities for investment are emerging as UK energy becomes cleaner, flexible and more efficient, particularly in areas related to decarbonisation, distributed generation and smart energy. The Prime Minister’s Ten Point Plan, for a green industrial revolution, published on 18 November 2020, sets out the approach government will take to build back better, support green jobs, and accelerate our path to net zero. The government’s plan for renewable energy forms part of wider efforts to ensure the UK meets its legally binding target to reach net zero emissions by 2050 and build back greener from the Covid-19 pandemic.
Clean growth & Smart City technology
Electricity generation in the UK was the greenest on record in 2020, according to the National Grid Electricity Systems Operator (ESO). The average carbon intensity over the year fell to 181g of CO₂ per kilowatt hour (gCO₂/kWh), a reduction of 66% over the last seven years.
Healthtech & medtech
The UK has unrivalled expertise in delivering the most modern models of care in the world’s oldest and largest universal healthcare system, and is a genuine global leader in digital health innovation, allowing for regulation and validation at scale. The UK is a forward-thinking country and a top three global life sciences hub with a track record of scientific breakthroughs spanning decades. A working partnership approach between industry sectors and government is fueling billions of pounds of funding to deliver the next generation of life changing treatments and technologies.
Tech: Fintech & games development
The United Kingdom has advanced infrastructure and both social and financial capital, making it one of the leading locations in the world for tech companies. This is underpinned by effective support measures for research and development and generous schemes for investors.
In June 2019, the UK government amended the Climate Change Act (2008) and set a new target of achieving net zero greenhouse gas emissions by 2050. This made the UK the first major economy in the world to legislate for Net Zero. An important aspect to achieve this target is the creation of ambitious actions, as well as innovative technologies within relevant industries. The automotive industry is of particular importance in reaching this target and the UK government’s commitment to support low carbon innovation within this industry provides opportunities for Swedish companies offering solutions for the Electric Vehicles (EV) sector; including EV manufacturing, charging infrastructure and battery/energy storage.