Powering the UK, a new report from
Ernst & Young carried out for
Energy UK, investigated trends in
investment and jobs in the energy
sector across the UK. It found:
Energy investment reached more
than £10bn in 2011
£43bn was invested by energy
companies in the UK economy in
the last four years, through spending
on power generation, networks, and
gas storage and important facilities.

This amounts to greater investment
than any other sector.

The total contribution of the
energy sector to the economy
reached £86bn in 2011, measured by
the contribution to GDP.

Direct employment increased
from 83,000 in 2008 to 137,000 in
2011, with the total number of jobs
linked to the sector rising to
654,500.

However, an analysis of
investment trends raises concerns
that the economic climate and
policy uncertainty are now slowing
down decision-making and delaying
new projects. The UK remains
attractive to
investors but
greater certainty
on energy policy
is needed.