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Investment

Securing, targeting and investing both public and private funding in order to accelerate technologies, markets and consumer behaviour is essential to achieve net zero.

Investment will accelerate the journey to net zero

The World Economic Forum has estimated that the transition to a nature positive economy could deliver $10.1 trillion of annual global business opportunities and 395 million jobs by 2030. 

PWC suggest that in the North East, Net Zero could deliver £1.9bn economic uplift and 27,000 jobs by 2050.  Therefore, addressing the financial, commercial and investment opportunities and challenges is fundamental in the drive to decarbonise and grow the economy, but it is hugely complex and challenging.

As the Government acknowledges in the Net Zero strategy, “the scale of the net zero challenges, and persistent market failures mean that public intervention is needed.”

The necessity to unlock long term public and private investment is essential to both commercialise and accelerate technologies and markets, and to also change consumer behaviours.

Supporting this transformation, investment related actions are to:

Develop a strong pipeline of key investments

Draw together investor ready, net zero transformational projects. 

Showcase investment opportunities

Work with partners and investors to highlight regional prospects, in particular from our energy, manufacturing, transport and agricultural assets.

Establish public funds

Collaborate to establish targeted regional funds to succeed the North East Fund Limited and other northern, regional and local funding schemes.

Unlock long-term investment

Public private collaboration to mobilise investment partnerships, in particular green investment and commercialization.