It is reported today that a company called Britishvolt will build a huge ‘gigaplant’ making electric car batteries in Blyth in Northumberland. There are huge numbers attached to this: £2.6 billion of investment, 3,000 people directly employed and another 5,000 jobs promised in the supply chain for the factory.
I really hope that this stuff happens, even in part. That’s partly because I’d love to see more proof that the transition to a lower-carbon economy really can translate into tangible economic benefit. Though I’m in favour of Net Zero and decarbonisation, I do worry that the political case for them is sometimes being sold on promises of economic gain that will not always deliver tangible benefits to the voters whose consent for low-carbon policies will always be needed. I also get very suspicious when I see big, round numbers being quoted for jobs created in the supply chain for promised developments.

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