Drax has contributed £728m to North of England economy, report shows
The independent analysis by Oxford Economics measured the economic impact of Drax’s UK operations, which includes Drax Power Station near Selby in North Yorkshire, the country’s biggest renewable power generator.
Jobs supported by Drax’s activities cover a wide range of sectors, including high-skilled manufacturing of industrial components, engineering and technical machinery, IT, professional business services, and transporting goods such as sustainable biomass wood pellets.
Thousands more jobs could be created in the coming years as part of the company’s plant to deploy bioenergy with carbon capture and storage (BECCS) technology. A report by Vivid Economics found that deploying cutting-edge green technologies like BECCS and hydrogen could create and support almost 50,000 jobs in the Humber region this decade.
“Drax’s renewable power operations and sophisticated supply chains are helping level up the UK by supporting jobs, skills, and opportunities,” said Will Gardiner, Drax Group CEO.
“We aim to go further by deploying cutting-edge green technologies like BECCS to help the UK build back better, delivering a post-COVID, green economic recovery by vital new technologies needed to address the climate crisis.”
James Bedford, economist at Oxford Economics, said: “Drax Group makes an important economic contribution to the UK. Its activities generated £2.2 billion (€2.5 billion) in GDP in 2019 and sustained thousands of jobs across the nation.
“The positive impact from Drax’s operations aren’t just confined to the boundaries of its power stations or customer contact centres, it is spread across the country benefitting communities across the UK.”