A survey commissioned in Greater Manchester shows that the city’s green technologies and services sector now employs over 45,000 people and rivals cities across the globe.
The survey, commissioned by GC Business Growth Hub, shows that Greater Manchester sales of green technologies and services reached £6.7 billion in 2015/16, across nearly 2,400 businesses.
This equated to 13.6 per cent of Greater Manchester’s total GVA (Gross Value Added) and 3.2 per cent of the region’s employment.
The green technologies and services sector includes a number of environmental industries such as renewable energy, water and wastewater treatment, waste management, recovery and recycling.
Globally, sales in the sector continue to rocket upwards - rising seven per cent in 2015/16 against the previous year to £4.2 trillion.
Greater Manchester’s sector is now performing better than many other global cities of comparable GDP (Gross Domestic Product), such as Berlin, Rome and Copenhagen. Total sales are also comparable with cities of much larger GDP like Toronto, Milan, Seattle and Rotterdam.
Samantha Nicholson, head of manufacturing and low carbon at GC Business Growth Hub, said: “Our report demonstrates how the green technologies and services sector is thriving, in Greater Manchester and across the world, and is a key sector within our city region.
“But there are future market opportunities in this sector across Greater Manchester; projects that encompass smart grids, renewable and low carbon energy and low emission vehicles and infrastructure. Business Growth Hub is actively looking for businesses in the sector to support.”