Brexit derails sustainability initiatives

Brexit-induced political uncertainty has derailed hundreds of innovative projects in the UK, including those aimed at boosting sustainability.

A survey of more than 500 small and large businesses found that a third have delayed projects during the past year, while one in 10 have cut investment budgets.

The proportion of firms delaying sustainability projects has increased by 25% during the past two years, according to the findings, while fears that sustainable practices could hit profits have skyrocketed.

“No business is going to commit millions of pounds to projects, particularly involving new technologies, without a stable environment in which to invest,“ said Mike Hughes, UK & Ireland zone president at Schneider Electric, which carried out the research.

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