Low Carbon and Environmental Goods and Services Sector Study

Working to support and grow the green economy.

Project background – 2024 data update

In 2021, the Midlands Net Zero Hub commissioned consultants kMatrix and Sustainability West Midlands to carry out an exercise to report on the size and health of the green economy in the Midlands. The Low Carbon Goods and Services (LCEGS) study provided a powerful evidence base, which has been used to support the development of projects.

The data provided a snapshot of the market for goods and services that improve the environment and/or actively assist in the move to net zero, and demonstrated the size, scale, and value of the LCEGS sector to each local authority in the region. It also highlighted areas of strength to build on and areas of weakness to improve.

A significant amount has changed since 2021, including the recovery from Covid-19, the impact of which was obvious in the original reports. The Hub has therefore worked with kMatrix and Sustainability West Midlands, with a contribution from Midlands Engine, to update the results of the exercise to include data from 2024.

Project overview

Local authorities from across the Midlands continue to work to support and grow the green economy. The 2024 review of the Low Carbon Goods and Services data across the Midlands was required to ensure that progress is continuing. The resulting LCEGS datasets can be used by the Hub and partner local authorities as a proxy for the green economy, track the state of the sector, and highlight skills challenges across the region to reach net zero targets.

In 2023/24, the LCEGS sector was worth £31bn (up from £26.8bn in 2021) in total sales and supported 224,831 FTE employees, which accounts for 8.3% of the Hub region’s GDP. This is forecast to rise to over £46bn by 2029/30.

The Low Carbon Goods and Services sector therefore continues to be an extremely important part of the region’s economy.

Project outputs

The primary output from the LCEGS work is a series of reports which define and quantify the scale of the LCEGS sector across the Midlands.

Due to changes in governance structures and the phasing out of LEPs, the outputs from this study slightly changed from 2021 are focussed on the District/Borough/Unitary local authority level. There is also an overarching report of the LCEGS for the Midlands Net Zero Hub region.

The full list of reports produced through this project is below:

Midlands Net Zero Hub Summary Report

Coventry & Warwickshire

East Midlands Combined County Authority (EMCCA)

Greater Lincolnshire

Leicestershire County & Rutland County

The Marches

Stoke & Staffordshire

West Midlands Combined Authority (WMCA)

Worcestershire

Midlands regional report

Midlands regional report

Midlands region Covid-19 impact report

Midlands region Covid-19 impact report

Midlands region growth forecast

Midlands region growth forecast

Stakeholder engagement report

Stakeholder engagement report

Black Country

Local Enterprise Partnership reports

Coventry and Warwickshire

Local Enterprise Partnership reports

D2N2

Local Enterprise Partnership reports

Greater Birmingham and Solihull

Stakeholder engagement report

Greater Lincolnshire

Stakeholder engagement report

Leicester and Leicestershire

Stakeholder engagement report

The Marches

Stakeholder engagement report

Stoke and Staffordshire

Stakeholder engagement report

Worcestershire

Stakeholder engagement report

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