Industry and Innovation in the North East of England

Download or read book Industry and Innovation in the North East of England written by Great Britain: Parliament: House of Commons: North East Regional Committee and published by The Stationery Office. This book was released on 2009 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this report, from the North East Regional Committee (HCP 169, session 2009-10, ISBN 9780215542731), renewable industries could lead a recovery in the North East's manufacturing industry. The Committee states that the region is well placed to benefit from the growing global market for green technologies, but warns that British innovation and ideas could be lost as other countries benefit from quicker commercial development and implementation. World-class renewable energy companies in the North East - such as the New and Renewable Energy Centre (NaREC) at Blyth, the North East Process Industries Cluster (NEPIC) on Teesside, and NETPark, the North East Technology park in County Durham - could put the region at the forefront of the Government's efforts to turn the UK into a low-carbon economy. The Committee warns though, that the UK's cumbersome and slow planning process poses a significant risk to long-term development in the North East as businesses from countries like China seek quicker, guaranteed sites elsewhere in Europe. The report also states that the Government should explore incentives to encourage local development of renewable and clean energy. Also, underinvestment in transport links is proving detrimental to investment in the region.