SMEs targeting low carbon market growth, survey reveals
SME manufacturers plan to nearly double their stake in the low carbon market over the next three years, a Manufacturing Advisory Service (MAS) survey has revealed.
Thirty five per cent of firms said they aimed to target business from greener operations over the next three years.
Over 40 per cent were already focused on the low carbon market, the MAS barometer research found.
Over half of manufacturers had already invested in low carbon processes with a further 32 per cent planning to do so by 2013, the survey found.
The low carbon market was worth £3.2 trillion globally in 2008-09, according to MAS. The market is predicted to grow 4% by 2015.
Roger Parr, national network manager for MAS commented: "These are encouraging figures. They show that manufacturers see, and most importantly have started to direct their focus to, the opportunities that these markets create for UK businesses."
Low carbon investment ranges from maximising energy efficiency to greener product ranges, MAS advised.