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Offshore wind could add £20bn to UK economy by 2030

4th December 2012

Andrew Raingold, Executive Director of the Aldersgate Group, told Newsnight Scotland that a new report by Cambridge Econometrics finds that investing in offshore wind through the 2020s would benefit the economy by adding £20bn to GDP by 2030, boosting total UK jobs by 70,000 and reducing the gas import bill by £8bn (45%).

Commenting on the publication of the report, he said: "The economic value of investment in offshore wind will be hugely increased if a world leading supply chain develops in the UK. It is a matter of urgency that the Government’s industrial strategy prioritises the development of wind power manufacturing capacity."

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