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Horizon Scanning: Investigations and Enforcement
In this horizon scan, we focus on key developments affecting companies operating in the UK, including in light of the recent change in UK government.
United Kingdom | Publication | November 2020
Boris Johnson has set out the UK Government’s ten point plan for a green industrial revolution. It is intended to create and support up to 250,000 jobs, with a particular focus on investment and job creation in the UK’s industrial heartlands which include the North East, Yorkshire and the Humber, West Midlands, Scotland and Wales.
The Government plan to mobilise £12 billion of Government investment (and potentially up to three times as much from private sector investment) to create and support highly skilled green jobs in the UK.
The Prime Minister’s ten points are:
While today’s announcement is a welcome signal from the UK Government as a precursor to COP 26 to be held in Glasgow next year, much still needs to be done to deliver on its plan, the majority of which is not new. Funding and investment will be a key issue both from public and private resources and Government has a key role to play in delivering a regulatory and fiscal framework which should encourage delivery. Ambitious plans to ban wholly petrol and diesel powered cars from the market post 2030, with hybrids being outlawed from 2035, pose significant challenges for delivery of infrastructure to achieve the target date and it remains to be seen if this is achievable in the timeframe proposed. Cross-sector and joined up policies will be necessary to deliver major low carbon energy, infrastructure and transport projects and to tackle retrofitting and energy efficiency challenges in housing stock and commercial property markets. The Government needs to create a platform of clear regulation and investment strategy to drive private investment into these areas. Industry will expect details and a pathway to delivery to be developed further in the Spending Review and the long-awaited Energy White Paper. Much remains to be delivered but for now the statement is a welcome statement of intent from Government for UK plc entering a post Brexit world.
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In this horizon scan, we focus on key developments affecting companies operating in the UK, including in light of the recent change in UK government.
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