UK study finds 700,000 local jobs ride on smart grid investment - 08 May 2009

A study released by the London School of Economics has revealed that a £15 billion (US22.2 billion) investment in broadband, smart grids and intelligent transport systems would offer a greater economic stimulus than investing in roads and bridges in the UK.

The deployment of energy cutting digital networks would create and maintain 700,000 jobs, as well as delivering large reductions in carbon emissions.

A £5 billion (US$7.4 billion) smart grid investment would create or maintain an estimated 235,000 jobs, and an equal investment in broadband and intelligent transport would create or maintain 280,000 and 188,000 jobs respectively.

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