Presenting a study carried out by Centre for Economics & Business Research (CEBR) at the House of Lords, it said the UK has the opportunity to develop a domestic bio-plastics industry able to support 35,000 jobs, produce £1bn in gross employment compensation and generate £2bn of gross value added to the economy, with a local production of 120,000 tonnes considering just relevant flexible and food-service packaging.
CEBR’S analysis shows that for the UK to fully capitalise on the industry’s potential, a supportive technological, legislative and commercial environment should be in place.