Energy firms north of the border showing growth

Energy firms in the north of Scotland are experiencing good growth and expect even more to come. According to the inaugural Energy North market report, 79% of firms surveyed are […]

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By Tom Gibson

Energy firms in the north of Scotland are experiencing good growth and expect even more to come. According to the inaugural Energy North market report, 79% of firms surveyed are projecting growth for 2012, compared to 69% who had growth this year.

The report suggests renewables and oil and gas firms are optimistic about the future. Angela Wilson, Operations Manager at Energy North said: “As well as experiencing growth in turnover, companies are increasing their workforce – over 45 companies increased their workforce in 2011, seven of them by over 20.”

However a lack of skilled employees, increasing bureaucracy and difficulties obtaining finance are identified in the survey as holding back growth. One of the reasons energy firms suffered a lack of employees the report suggested was relating with the local community.

Angela Wilson added: “Almost half the companies surveyed feel the local community fails to recognise the importance of the natural energy resources that exist on their doorstep. Raising awareness of our assets and the benefits they will bring is crucial and could go some way towards plugging the skills gap.”