Investment atlas entries put Telford on global map at green summit
Telford is leading the way towards a greener planet and attracting new UK investment from around the globe after being selected for inclusion in a high-profile ‘investment atlas.’
Telford & Wrekin Council is one of just two local authorities to put forward net zero propositions for the atlas which was launched at the Green Investment Summit in London on October 19.
The Department for International Trade (DiT), requested propositions for the atlas from across the UK and selected destinations with a clear green focus for inclusion.
Telford was selected as an area with strengths in clean technology and innovation and agri-technology and has two of the six Midlands entries in the ‘foreign direct investment’ category.
The Summit, which aimed to showcase the UK’s green industries and galvanise foreign investment, will drive the Governments 10-point plan for a green recovery (£12bn support package), creating 250,000 green jobs and private investment by 2030.
It is the launch platform leading up to the Global Investment Summit (GIS) COP26 in November.
One of Telford’s net zero propositions is transitioning to a circular economy and Telford is leading the UK with a fast-developing, high-growth waste management industry, a local supply chain and breakthrough technologies.
Companies are capitalising on the benefits of leasing, re-using and re-processing materials for new uses which are providing environmental, social and economic benefits.
Employing a circular economy for the e-waste sector improves sustainable production and consumption, increases resource efficiency and contributes to Net Zero and carbon emissions reduction goals.
Businesses which have adopted the circular economy approach include AO Recycling in Telford which operates the largest centre for recycling old white goods in the UK.
Councillor Carolyn Healy, Telford & Wrekin Council’s Cabinet Member for Climate Change, Green Spaces, Natural and Historic Environment, said: “These net zero propositions underline Telford’s commitment to protecting the planet and show how businesses are developing green, sustainable solutions which are seen as best practice in the UK and internationally.
“Telford has been recognised as an area with a clear, green focus which can only help to attract investment from overseas as businesses look for innovative ways of reducing carbon emissions.”
Another of the proposals focuses on Agri-technology where precision farming is leading the way in the sustainable transformation of the global agricultural sector through innovative opportunities.
Telford, through Harper Adams University, provides access to precision farming innovation with strengths in agriculture and advanced engineering.
Companies in Telford are contributing to the technological revolution in precision agriculture with the design and development of satellite positioning systems, variable rate technology, geo-mapping, energy management systems, remote sensing and automated steering systems.
Ni.PARK, Telford’s new innovation business park, offers ideal grow-on space for agri-tech companies with incubation space and high-specification manufacturing and research units.
Businesses which are putting agri-technology into practice include MagGrow which specialises in agricultural spraying using radical, patented, magnetic based technology.
The company has established its own UK Agricultural Research Centre and its expanding team is developing intellectual property and associated technology.
Councillor David Wright, Telford & Wrekin Council’s Cabinet Member for Economy, Housing, Transport and Infrastructure, said: “Our proposals for inclusion in the ‘investment atlas’ demonstrate that Telford is an area attractive to investors and is highly thought of in terms of environmental sustainability and investment on a national and international level.
“Our businesses are able to deliver new technologies and clean productivity with reduced carbon dependency which has been widely recognised.”
Telford & Wrekin Council Leader Councillor Shaun Davies said: “We are extremely proud of what is being achieved in the borough and the commitment which is being made to both innovation and green growth.
“These proposals can only help to attract new inward investment to Telford and the UK as a whole, making companies more profitable and meaning they can invest back into the UK and create better living standards and more sustainable communities for the future.”