2030 Net Zero Targets Drive Growth and Opportunity in Construction Sector

A new report commissioned by NatWest has shown that the UK economy could see a potential £175billion revenue boost in its quest to meet decarbonisation and emissions targets by 2030.  

The Springboard to Sustainable Recovery report identifies the UK building sector as the largest benefactor of this market opportunity, estimating a prospective £65billion available to businesses that offer retrofitting services.

Its report has identified that over 260,000 jobs could be created in the process and that more than 40,000 new SMEs may be required in key sectors if the UK is to meet its net zero ambitions.  

There’s also a clear business case for organisations to take action in implementing decarbonation initiatives. With energy costs at an all time high, incentivised programmes ensure that investment payback periods for any new developments are swifter than ever.

Director, Mark Horrocks said, “This news will undoubtably give the construction sector a valuable boost and of course, help the UK to meet its net zero targets.

We’ve seen first-hand how organisations are prioritising the reduction of their CO2 emissions to deliver on carbon neutral targets. An example is our client Evotec, a global pharmaceutical R&D company, who have ensured their new facility at Milton Park is making the best use of energy efficient technology. Air source pumps, low energy smart lighting and an innovative demand-based laboratory ventilation system have all been installed at the site. We are working with the business on a number of projects, as they expand their facilities whilst maintaining their commitment to a low-carbon future through the Science Based Targets Initiative.”

Glanville Projects has decades of experience within the industry and its specialist procurement team is fully geared up to help organisations source technology that delivers long term energy saving benefits.   

Are you looking to adapt your business premises to deliver a more sustainable operation?   Read more about the Evotec project and get in touch to see how we can help.