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|Onshore Economic Impact|
Onshore Economic Impact
The economic benefits derived from the UK’s onshore wind industry, while having long been under-estimated, are now shown to represent significant financial rewards at the national, regional and local levels.
RenewableUK’s recent report into the economic effects of the onshore wind industry, which follows a previous 2012 study done in partnership with DECC, shows that the levels of UK content and wider economic value derived from the UK’s onshore wind sector have increased significantly in the last three years.
Today onshore wind brings significant economic benefit to the UK, with the level of economic value derived from the sector (GVA) having risen from £548m to £906m between the end of 2011 and the end of 2014 - a rise of 65%. Looking at UK content, the financial benefits of the onshore wind industry are felt even more strongly with 69% of all project spend now remaining within the UK – 37% of which remains within the local authority area in which the project is located.
To accompany this report we also produced a series of regional and national Factsheets highlighting the economic and environmental value of the current operational fleet in each area.
These Factsheets provide data on a range of issues, from direct spend, community benefit contributions and business rates, through to carbon savings, energy generation and the number of homes powered by onshore wind in each area of the UK.