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Commenting on the government’s creation of a green investment bank, Zoe Bennett, head of Kinsey Allen Cleantech, said

Commenting on the government’s creation of a green investment bank, Zoe Bennett, head of Kinsey Allen Cleantech, said

“The cleantech sector is forging ahead in size and strength. More and more investors are piling in as businesses and industries grow confident of the returns available from green business and it’s encouraging that the government is seeing the opportunities in the cleantech sector as well. This growth will not only have a positive impact on the environment, it will also boost the number of jobs in the sector. We have forecast private equity investment in the UK cleantech sector to rise from £166m in 2010 to £325m in 2011. Analysis of the Californian cleantech sector has shown that for every £64m invested in the industry, 2,700 jobs are created. Applying this model to the UK the sector can expect job growth in the region of 13,000 in 2011. Not only will larger sums of money pumped into cleantech companies and projects mean more jobs on the technical side but demand for talented business focussed individuals will increase further to ensure these investments pay.”

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