Investment in the Green economy is the way to go

Mitch Cooke, founder of Greengage Environmental LLP, blogs on what the Budget means for the environmental industry.

So, looking at the budget I ask myself what’s in it for me not in the terms of what it’s going to cost me in terms of having a glass of wine or pint of beer but what is it going to mean to me in terms of the industry that I work in. In looking at the detail of the budget then it’s interesting that there is actually something in it for me: a commitment to develop a range of supporting initiatives to encourage energy related infrastructure be it biomass, or backing guarantees for nuclear.

But is that enough? The infrastructure plans don’t come into the equation until at least 2015 – although £18 billion of extra support shouldn’t be sneezed at. It’s also encouraging to see that we are moving into the second phase of the red tape challenge and applied in the right way then this will provide clearer line of sight for developers aiming to get planning permission. Let’s hope this works and we don’t lose the benefits that sustainability planning policies have helped to bring forward.

And finally a clear message about housebuilding and how it is perceived as a barometer for the health of the economy. Help is coming in getting a new home for first time buyers but really is reliance on housebuilders to generate the value in the economy the best kick start to kick start it? Investment in the new green economy is the way to go and perhaps we will see an increase in growth above the downgraded 0.6 per cent if we invest in the industry that has the greatest growth potential.