Manufacturing output will focus on green investment

When the manufacturing industry picks up, investors will look towards emerging sectors in green technology over traditional firms, one consultant has predicted.

Steve Knight, business manager at manufacturing consultancy Newton, commented: "I think they [investors] will not look for things that they already have got.

"It will be emerging sectors such as green manufacturing, or a step change in technology – that is going to be the next step."

His comments come after the publication of the latest Economic Prospects 2010 report from EEF – The Manufacturing Institute, which forecasted a grown in output of 3.8 per cent this year and 3.4 per cent in 2011.

This is a larger expected growth than the economy as a whole, which is forecasted to expand by 1.1 per cent this year and 2.1 per cent in 2011.

In the coming months, investors could be looking into large-scale low-carbon technologies such as wind farms, which would benefit homeowners as their energy bills could be reduced.

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