The North (Yorkshire and the Humber, the North West and the North East) attracted 17 Foreign Direct Investment (FDI)-backed clean technology projects in 2020, according to new analysis by EY.
Yorkshire and the Humber attracted a total of nine FDI-backed cleantech projects in 2020 equalling a 15% market share of all UK projects, behind London (11) and Scotland (11).
Yorkshire and the Humber’s performance means the region features in 9th place in the Top-10 European regions for 2020 cleantech project numbers, with London and Scotland joint 7th.
Within the region, Grimsby and Scarborough attracted two projects each – the most for individual cities behind only London and Aberdeen (four).
The North West and the North East both attracted four Foreign Direct Investment (FDI) backed cleantech projects in 2020, which equalled a 7% market share for each region.
In total, the North attracted almost a third (29%) of all UK cleantech projects.
Suzanne Robinson, office managing partner for EY in Yorkshire and Humberside, said: “It is brilliant to see Yorkshire and the Humber performing so well on cleantech projects and gaining a place within the Top 10 list of European regions.
“Across the North, cleantech investment has accelerated: in conjunction with carbon capture and storage projects and green energy infrastructure on our energy coastlines, we are witnessing monumental change to meet the Net Zero agenda and future sustainability goals.”
Cleantech projects were deemed to be those which involved investment in energy transition, biodiversity, sustainability or the pursuit of Net Zero targets – such as investments in wind turbine manufacture, electric vehicle charging point roll-outs or the expansion of green-focused companies.