Businesses enthusiastic about post-Brexit energy market


A range of businesses met with UK Energy Minister Andrea Leadsom at her first business round table.

Amongst the businesses were Scottish Power, INEOS, General Electric, and construction firm Laing o’ Rourke and mobile solar plant firm SUNshift.

The meeting looked at the impact a hard Brexit might have on the country’s renewable energy, electric vehicles and the overall energy industry.

Representatives told the Business Secretary how they were ready and determined to seize the opportunities of a post-Brexit Britain, and that whilst there were some concerns about readiness for a no-deal Brexit, none of the issues were insurmountable, and that they were keen to take up the chance to trade both with EU member states, and countries outside the EU.

Ms Leadsom urged representatives to speak with their colleagues and trade associations, and pass on the clear message that the government stands behind them and is ready to support efforts to prepare for Brexit. She also encouraged them to continue their positive approach to the future, and to talk about the opportunities that lie ahead.

Business Secretary Andrea Leadsom said: “We are stepping up a gear and increasing the pace of our preparations as we get ready to leave the EU on 31 October.

“The businesses I met with agreed that we must take advantage of the opportunities that lie ahead: in innovation, new AI technologies, clean growth and the extraordinary scientific advances in which Britain is already leading the way. They also spoke about the benefits of doing away with certain EU red tape that has a strangle hold on productivity.

Our preparations for no-deal will now be more open than ever, giving the business community the confidence to wave the flag for Britain and to seize the myriad of opportunities that lie ahead.”

The main messages from business leaders present were:

  • The UK government should ramp up its communications to prepare for Brexit, welcoming the forthcoming publicity campaign to get ready to leave
  • They are well prepared for Brexit on 31 October, but that this was often not acknowledged in public debate and commentary
  • They were excited about the opportunities that lie ahead including improvements in:
  • Trade with the Asian-Pacific economies
  • Developing renewable energy, clean growth and electric vehicles
  • Boosting foreign direct investment
  • Attracting the best talent from around the world

Businesses present also noted that Brexit would provide an opportunity for colossal investment and to reform regulation of emerging technology, ensuring that Britain leads the world in big data and artificial intelligence

Keith Anderson, CEO, Scottish Power, said: “The meeting… with the Secretary of State was fantastic.

It’s always great to have a government who come out and engage with business and listen to business and want to understand concerns and opportunities that businesses are bringing forward. There are always great opportunities to invest in as a business.”