Millions of pounds is being brought to the North Shields economy due to the wind industry, latest figures have revealed.
Statistics released by RenewableUK show that North Shields and the north east gain nearly £500m of economic benefit from the onshore wind industry, with £17.8m going into the local community as a result of installed onshore wind capacity.
The onshore wind industry represents a huge opportunity for inward investment and business growth for UK companiesMike Parker, head of onshore wind at RWE Innogy UK
There are currently nearly 350MW of onshore wind installed within the north east, powering more than 187,184 homes each year.
And it has helped attract a number of businesses in the area, including AIS in North Shields.
Mike Parker, head of onshore wind at RWE Innogy UK, said: “We are committed to maximising and promoting local supply chain and employment opportunities and, on average 27 per cent of the economic benefits of onshore wind are enjoyed in the local authority area around each project.
“It’s also gratifying to see the report show that local level of content has increased in each stage of wind farm development between 2011 and 2014, reflecting our industry’s commitment to ensure benefits are spent locally.
“As one of the UK’s leading renewable developers and operators we don’t just place contracts to local businesses that have the right skills and experience – we also invest and spend time hosting supply chain events so companies can learn more about how they can maximise opportunities the renewables sector presents.”
“The onshore wind industry represents a huge opportunity for inward investment and business growth for UK companies.”
RenewableUK’s chief executive, Maria McCaffery, said: “The British onshore wind energy industry is adding £906m a year to the national economy, so the benefits to the UK are clear to see.
“This report also shows that onshore wind really does bring benefits to the UK – with £7 in every £10 spent on projects invested in the UK.
“Onshore wind powers local economies, bringing £199m of investment into local areas where communities host wind farms, and creating jobs across the supply chain.”
For more on the report visit www.renewableuk.com/en/publications/index.cfm