Research carried out by global management consulting firm McKinsey and Company showed that the transition to net zero could potentially be worth more than £1 trillion to UK business by 2030.
A survey of more than 2,000 firms revealed that 43% believe costs are 'significant barriers' in transitioning to net zero. 34% stated a lack of finance prevented them from transitioning.
The BCC has called on the government to address gaps in funding; combat skills shortages; and ensure stability in regard to policies.
'The UK has the businesses, ideas and talent to lead the world in low-carbon innovation,' said Shevaun Haviland, Director General of the BCC.
'But without urgent action, we risk falling behind in the global race for green growth.
'We need ministers to work with business to tear down the barriers on finance, skills and policy that are holding too many firms back.'
10/11/2025
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15/07/2026
Taxpayers urged to get ahead of July self assessment payment deadline
HMRC is reminding millions of self assessment taxpayers to prepare for the 2025 to 2026 tax year second payments on account 31 July deadline.
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Government steps up drive to reconnect young people with £1.6 billion
The government is stepping up its efforts to reconnect young people with unclaimed savings in Child Trust Funds (CTFs).
Targeted subsidies are needed for firms to tackle Britain’s NEETs crisis
Targeted subsidies, rather than expensive tax breaks, are the most cost-effective way of supporting employers to get young people into work, according to Resolution Foundation analysis.
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