For Keir Starmer’s launch of the Labour Party’s Climate Mission on 19 June in Edinburgh, Transition Economics was asked by Labour to conduct an independent assessment of the potential increased investment and increased jobs in target areas in the UK’s industrial heartlands that could be catalysed by the Labour Party’s proposed British Jobs Bonus.
Our numbers feature in the Labour Party’s official climate Mission Briefing, and media coverage of the British Jobs Bonus announcement (e.g. Financial Times, Guardian)
The briefing estimates that new jobs catalysed by the British Jobs Bonus could be 19,300 in Year 1, rising to 64,600 in Year 5.
In 2030, this breaks down
- as 35,200 jobs in English regions
- 19,300 jobs in Scotland
- 5,800 jobs in Wales
- 4,300 jobs in Northern Ireland.
The analysis also finds that the British Jobs Bonus can increase local construction and manufacturing investment from offshore wind, onshore wind, solar and green hydrogen development in target areas by £1.7bn in Year 1 of a Labour government, rising to £5.9 billion in Year 5.