The UK must “future-proof” its economy by investing in cutting-edge green technologies, International Trade Secretary Kemi Badenoch has said.
In a speech to the Green Trade and Investment Expo in Gateshead, Badenoch highlighted the UK’s success over the past two years in securing almost £20bn in green inward investment, creating over 11,000 new jobs.
During the event, Badenoch showcased figures that reportedly show the positive economic impact of investments in clean and sustainable energy. According to government figures, total foreign investment has created nearly 85,000 new jobs for people across the UK in 2021-2022 alone, and the government is expecting £100bn in private sector investment to support nearly 500,000 new jobs by 2030.
“We know trade and investment grows our economy, creates jobs and puts money in people’s pockets – but it also has the power to tackle the challenges we see around the world," Badenoch said in a statement ahead of her address...