Business innovation for a low carbon economy
The low carbon sector has seen massive growth in recent years and is particularly important to our region. With our extensive track record of supporting local and regional business enterprise, we are keen to support business innovation that is focused on the green, or low carbon, economy.
Working with the Carbon Trust and the Ellen MacArthur Foundation we are ensuring our programmes reflect our commitment to sustainability and the increasing importance of the low-carbon sector to the local, regional and national economies. Our wide range of expertise also allows us to:
- support business innovation – in particular for SMEs and the leadership of low carbon innovation across supply chains, localities and public services
- help businesses share knowledge and connect expertise across the low carbon sector
- undertake practical and applied research into low carbon business innovation.
Low carbon and the economy
- In 2011/12 over one third of economic growth in came from green business in the UK (Carbon Trust and Shell, 2013)
- The UK will see 45% growth in the low carbon environmental goods and services sector (BIS)
- In 2011 the East Midlands Development Agency (EMDA) identified 2,037 businesses in the East Midlands working in the low carbon goods and environmental services sector
- Small and medium sized enterprises (SMEs) account for more than 90% of the low-carbon sector in Derbyshire and Nottinghamshire, with three quarters of these businesses set to grow in the coming year (EMDA).