Hampshire Chamber calls for green energy investment blueprint

Summarised from 2 outlets · Updated 21 Oct, 04:02 · Archive

Hampshire Chamber of Commerce has published a blueprint calling for government action to boost the green energy transition.

Hampshire Chamber of Commerce has published a 'blueprint for action' calling for urgent government fiscal support and infrastructure investment to accelerate the green energy transition. The blueprint aims to unlock business investment in sustainable technologies and close what the chamber describes as the 'energy gap' between generation capacity and consumption.

Ross McNally, chief executive and executive chairman of Hampshire Chamber, is urging the Chancellor to introduce enhanced capital allowances and tax incentives for businesses investing in renewable energy, grid innovation and carbon-reduction technologies. He is also calling for dedicated capital funding to upgrade regional grid infrastructure, arguing that core nationally critical industry sectors such as maritime, defence, clean tech and advanced manufacturing need sufficient power capacity to expand.

The chamber argues that without urgent fiscal intervention, economic growth will stall amid geopolitical instability and inflationary pressures. McNally said the government should provide immediate grant funding and technical support partnerships to help small and medium-sized enterprises transition to net-zero, and should publish a national energy plan outlining regional energy gaps. He is also calling for the incoming Hampshire and the Solent Combined County Authority to be given the framework to pioneer green schemes, allowing the incoming mayor to champion projects immediately upon election.

How it is being reported

• Hampshire business leaders call for urgent action to boost green energy transitionHampshire’s business leaders are calling for urgent government action to boost the green energy transitionSouthern Daily Echo · 21 Oct, 03:30
• Powering Hampshire: Chamber unveils ‘blueprint for action’ on energy ahead of BudgetHampshire Chamber of Commerce has revealed a comprehensive ‘blueprint for action’ to unlock vital business investment to accelerate the green energy transition.The News, Portsmouth · 20 Oct, 10:12

In this story: Hampshire Chamber of Commerce · Ross McNally · Hampshire

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