BNP Paribas’ ClimateSeed is one of the six accepted carbon offsets programs in IFC’s Zero Carbon Green Buildings certificate under the IFC Edge program. To certify their buildings Zero Carbon, real estate developers first reduce their buildings’ emissions through green building practices and can then offset any remaining emissions through ClimateSeed. Building developers can choose from over 30 projects available on the ClimateSeed platform by project location, type or SDGs targeted.

Until human-induced net greenhouse gas emissions are eliminated altogether, the concentration of CO2 in our atmosphere will continue to rise, making it impossible to halt global warming. Buildings and construction are responsible for 39% of all carbon emissions in the world. Carbon neutrality is a prerequisite to stabilizing global temperatures and cities will have to accelerate their efforts to be able to meet their Paris targets and even exceed them to limit warming to 1.5°C.

Designing and managing urban areas has become one of the most important development challenges of the 21st century. Globally, about 60% of the area to be urban by 2030 remains to be built. According to the UN, Cities consume over 2/3 of the world’s energy and account for more than 70% of global CO2 emissions. IFC (World Bank Group) estimates a cumulative investment opportunity of $29.4 trillion by 2030 in emerging market cities.

IFC has expanded its Edge certification program to include Zero Carbon buildings, enhancing the positive impact on the climate, where building developers reduce building emissions as much as possible through energy efficiency and sourcing renewable energy, and then offset the remaining unavoidable emissions by contributing to sustainable projects. ClimateSeed provides building developers with a variety of carbon-reduction projects to offset their unavoidable emissions. These projects have gone through a three-step due diligence process to ensure high quality. The projects have been certified by international standards such as VCS or Gold Standard, the project developers have undergone a strict banking due diligence and lastly, the projects have been reviewed and validated by a sustainability committee, comprised of industry experts. All the projects on ClimateSeed avoid or capture CO2, and also contribute to the achievement of the United Nations Sustainable Development Goals.

Air filters cut PM2.5 by up to 85%, NO2 levels by up to 70%,  in support of BreatheLife, the global campaign for clean air

London, 12 November 2019 – BNP Paribas today unveiled the next phase of its pioneering ‘clean air zones’ campaign at London Marylebone Station, working in partnership with JCDecaux UK, Airlabs and Chiltern Railways for a second year.

The positive impact advertising solution, which incorporates air-cleaning technology within advertising structures, is supporting the global ‘BreatheLife’ campaign for clean air. BreatheLife’s growing network includes more than 70 cities, regions and countries, reaching over 288 million people. The campaign’s goal is to mobilise communities to reduce the impact of air pollution on health and climate.

The BreatheLife campaign principles align closely with BNP Paribas’ own sustainability objectives, which have a clear community focus. London Marylebone Station was chosen for the filter installation due to its direct proximity to BNP Paribas’ UK headquarters, underpinning with practical action the bank’s commitment to making a positive impact within the local community.

The air cleaning technology from Airlabs was first unveiled in October 2018. The filters reduce up to 85% of PM2.5, 86% PM10 and up to 70% gases like NO2 and ozone from the area immediately surrounding the filters, which are housed within specially adapted advertising units from JCDecaux UK.  In a twelve-month period, the air filters have produced 41.4 million cubic metres of clean air, enough to fill Wembley Stadium 36 times.

Anne Marie Verstraeten, UK Country Head, BNP Paribas Group, said: “BNP Paribas is committed to London and to helping provide immediate, positive impact for our local communities. The Clean Air Zone partnership enables us to continue to deliver cleaner air to more than 14 million station users every year, which include our employees, clients, commuters and the local community.  As well as helping to reduce the impact of air pollution, we want to raise awareness of this silent killer, and that’s why we are supporting the BreatheLife campaign, which is so aligned to our own corporate values.”

Helena Molin Valdés, Head of the United Nations Environment Programme hosted Climate and Clean Air Coalition Secretariat said: “These types of initiatives are important to raise awareness that more needs to be done to improve air quality in order to protect human and health and our climate. Cleaning the air is one solution and should remind everyone – from individuals to businesses and local and national governments—that they have a role to play in stopping air pollution at its source.”

Helena Kavanagh, Chief Partnerships Officer at JCDecaux UK said: “We are very proud of the partnership with BNP Paribas, Chiltern Railways and Airlabs which led to this ground-breaking advertising solution, and it is excellent news that it will continue for another year. The air filters, incorporated within Out-of-Home advertising structures, are another example of how Out-of-Home media can provide a service to the community as well as a clear communication channel raising awareness of important issues – in this case, the BreatheLife campaign – in front of the millions of rail users who pass through London Marylebone Station every year.”

Marc Ottolini, CEO at Airlabs said: “We are delighted that our air filtration technology is being used in this impactful way. Millions of people are using public transport in London every day. Our mission is to provide all of these people with clean air during their journey. The Clean Air Zones at Marylebone Station show that this can be turned into reality. Our partnership with BNP Paribas, Chiltern Railways and JC Decaux is a great example of the difference like-minded businesses can make to the lives of millions of people affected by air pollution every day.”

Press Contacts:

BNP Paribas

Alexandra Umpleby (UK)                     +44 20 7595 2436        Alexandra.Umpleby@uk.bnpparibas.com

Sarisher Mann (UK)                              +44 20 7595 8150       Sarisher.Mann@uk.bnpparibas.com

Notes to Editors:

About BNP Paribas: BNP Paribas is a leading bank in Europe with an international reach.  It has a presence in 72 countries, with more than 202,000 employees, including around 149,000 in Europe.  The Group has key positions in its two main activities: Retail Banking & Services and Corporate & Institutional Banking, which serves two client franchises: corporate clients and institutional investors.

BNP Paribas has a well-established and growing UK platform.  The bank has served the UK economy for more than 150 years and today employs more than 9,000 people, based in 21 core locations throughout the country, across 10 business lines.  These include Corporate & Institutional Banking, Exane BNP Paribas, Leasing Solutions, Arval, Real Estate, Asset Management, Cardif Pinnacle, Commercial Finance, Personal Finance and Vauxhall Finance.

https://group.bnpparibas/en/

https://www.bnpparibas.co.uk/en/

BNP Paribas UK on Twitter – @BNPParibasUK

About BreatheLife: https://breathelife2030.org/

 

BNP Paribas today announced it has appointed Richard Choi as UK Head of Real Estate Advisory, Global Banking, BNP Paribas. He will be based in London and report to Matthew Ponsonby, UK Head of Global Banking and Pierre Semeria, Head of Real Estate Integrated Sector EMEA.

Richard was previously Head of International Business Development, DAMAC Properties and prior to this, Head of Real Estate & Hospitality Investment Banking, EMEA at HSBC. He holds a Bachelor of Science in Business Administration from Georgetown University.

Matthew Ponsonby , UK Head of Global Banking, BNP Paribas said: “UK Real Estate Advisory is a core part of our UK Global Banking strategy. We are delighted to welcome Richard to BNP Paribas and look forward to working together to further strengthen our existing Real Estate franchise and enhance the strategic dialogue with our UK clients.”

BNP Paribas has an established Real Estate practice in Europe and in the UK, which includes financing as well as equity research and the acquisition of Strutt and Parker in 2017.

BNP Paribas today announces the appointment of Roger Barb as head of execution in equity capital markets (ECM) with immediate effect.

Roger will be based in London and will report to Andreas Bernstorff, head of equity capital markets for EMEA. In this newly created role, he will take overall responsibility for the successful execution of all documented transactions in ECM and will lead the execution of the bank’s most important transactions. He will work closely with ECM as well as advisory teams in each country and sector. Roger will also work on building the ECM business in Central and Eastern Europe, Middle East and Africa (CEEMEA).

He will also work on creating best-practice processes across all EMEA, streamlining the transaction approval process and generating synergies with other products and functions within capital markets, including legal. He joins the Capital Markets Leadership Team and will represent the bank for ECM at the Association for Financial Markets in Europe (AFME).

Roger joins from Citi where he led their EMEA ECM execution team from 2005, in a career that began at Schroders. He studied Economics and Japanese in London at the School of Oriental & African Studies and speaks French and German.

Andreas Bernstorff, head of equity capital markets for EMEA at BNP Paribas, said “Roger is one of the most experienced and well regarded execution specialists in European equity capital markets. We look forward to working together to strengthen our equity capital markets offering and deliver the best in class to our expanding client base.”

London, 04 October 2019 – BNP Paribas has won The Banker Magazine’s Most Innovative Investment Bank of the Year Award for 2019.  The Bank also landed awards in the following categories:

  • Most Innovative Investment bank, Western Europe
  • Most Innovative Investment Bank, Bonds
  • Most Innovative Investment Bank for Climate Change & Sustainability

Brian Caplen, Editor, the Banker Magazine said:

“BNP Paribas put in a stunning performance at this year’s Investment Banking awards winning in bonds, climate change and sustainability and Western Europe as well as winning the overall prize of Most Innovative Investment Bank of the Year. The bank impressed the judges by going one step further than its peers in pushing forward with innovation. By combining creativity, bright ideas and technical knowledge BNP Paribas has truly moved the goalposts for investment banking. Congratulations to everyone at the bank on this excellent performance.”

Yann Gérardin, Head of Corporate & Institutional Banking, BNP Paribas said:

“Winning these awards is thanks to our people.  Through collective work and innovation, we continue building long-term relationships, advising our clients both in good and challenging times, to add value across solutions and geographies.  Sustainability is at the heart of our business and we commit fully to supporting our corporate and institutional clients in their alignment to the UN SDGs.  We look forward to continuing to work together to deliver positive banking and sustainable economic growth in the countries in which we operate.”

Ends

Press Contacts:

Alexandra Umpleby                                           +44 20 7595 2436              Alexandra.Umpleby@uk.bnpparibas.com

Sarisher Mann                                                     +44 20 7595 8150              Sarisher.Mann@uk.bnpparibas.com

Notes to Editors:

About BNP Paribas

BNP Paribas is a leading bank in Europe with an international reach. It has a presence in 72 countries, with more than 202,000 employees, of which more than 154,000 in Europe. The Group has key positions in its three main activities: Domestic Markets and International Financial Services (whose retail-banking networks and financial services are covered by Retail Banking & Services) and Corporate & Institutional Banking, which serves two client franchises: corporate clients and institutional investors. The Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realise their projects through solutions spanning financing, investment, savings and protection insurance.  In Europe, the Group has four domestic markets (Belgium, France, Italy and Luxembourg) and BNP Paribas Personal Finance is the European leader in consumer lending.

BNP Paribas is rolling out its integrated retail-banking model in Mediterranean countries, in Turkey, in Eastern Europe and a large network in the western part of the United States. In its Corporate & Institutional Banking and International Financial Services activities, BNP Paribas also enjoys top positions in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific.

 

 

BNP Paribas Personal Finance partners with Arval to offer one stop shop to purchase and finance used stock.

Two divisions of the BNP Paribas Group in the UK – BNP Paribas Personal Finance and car leasing specialist, Arval – are joining forces to launch a new stock financing solution for motor dealers across the UK.

Dealerships can now purchase and finance their used stock in one transaction directly through Arval’s market-leading online sales platform MotorTrade.  The tie up enables dealers to spread 100 per cent of the purchasing cost (inclusive of fees) over flexible phased repayments of up to 120 days.  The one-stop solution also makes it easier for dealerships to increase their stock levels, to manage their cashflow, and plan their expenditure levels.  The solution is backed by the BNP Paribas Group for complete peace of mind.

Funding is applied to the account automatically for vehicles bought through the stock funding option.  All information relating to the purchase, such as invoices, statements and payment schedules, is available to view on any connected device through an online account.

Arval’s MotorTrade platform offers dealerships direct online access to around 45,000 ex-lease vehicles each year from a range of manufacturers with no middlemen and competitive buyers’ fees.

For its part, BNP Paribas Personal Finance has been offering responsible consumer finance solutions in the UK for 45 years.  In that time, it has become a trusted partner for businesses adapting to ever-changing marketplaces.

The new agreement is part of BNP Paribas’ Group-level commitment to deliver a seamless ‘one bank’ approach that pools the expertise of all its teams to provide the best experience for its partners.

Andrew Brameld, managing director of BNP Paribas Personal Finance’s motor finance business in the UK, said: “We’re delighted to be partnering with Arval to deliver this industry-leading stock finance solution to motor dealers across the UK.

“Here at BNP Paribas Personal Finance we have extensive experience at delivering quality, affordable financing options and we’re sure dealers will find this to be a useful tool as they manage and finance their stock levels.”

Gary Burns, remarketing director at Arval UK, added: “Arval MotorTrade has grown rapidly to become the go-to platform for retailers who are looking to purchase high quality used stock for their forecourts.

“This partnership further enhances our MotorTrade proposition making it even easier for buyers to access the stock they need, while giving them the confidence they have a finance plan in place that they know they can trust.”

For more information on BNP Paribas Personal Finance click here.

For more information on Arval UK click here.

For more information on Arval MotorTrade click here.

For more information on the BNP Paribas Group in the UK click here.

BNP Paribas today launches its latest single dealer platform (SDP), Cortex LIVE, with an inbuilt digital trading assistant, ALiX.
Cortex LIVE responds to growing client demand for more intelligent execution methods, more transparency and enhanced controls. The platform features a real-time market intelligence portal, Insight LIVE, and the FX industry’s first real time digital trading assistant, ALiX.
ALiX works with Cortex LIVE to provide an interactive trading experience – delivering clients with a running commentary on execution and trading, important events like data announcements, market moves or changes in liquidity. ALiX and Insight LIVE represent the latest advances in artificial intelligence, as well as natural language processing and are capable of reacting to over 100,000 data points per second.
Cortex LIVE, Insight LIVE and ALiX are a direct product of BNP Paribas’ ongoing commitment to digital growth.
Asif Razaq, global head of FX algorithmic execution at BNP Paribas, said: “We are proud to launch Cortex LIVE and ALiX. Our continued innovation takes clients into the next digital era as ALiX delivers a live commentary on execution, key markets events and provides a pioneering user experience. The client has complete control, while ALiX enhances execution capabilities and offers full transparency throughout execution.”
Joe Nash, digital FX COO at BNP Paribas, said: “In a complex market we bring our clients solutions grounded in simplicity. We are excited to offer a bespoke personal trading experience, which navigates through an evolving market, adapting to our clients more sophisticated needs. Cortex LIVE is the ultimate in interactivity, the simplicity of ALiX unlocks the power of the large data set beneath.”
Ends
Press Contacts
Sarah Shephard sarah.shephard@uk.bnpparibas.com +44 (0) 20 7595 6038
BNP Paribas CIB on Twitter – @BNPParibasCIB
About BNP Paribas
BNP Paribas is a leading bank in Europe with an international reach. It has a presence in 73 countries, with more than 196,000 employees, including around 149,000 in Europe. The Group has key positions
PRESS RELEASE
in its three main activities: Domestic Markets, International Financial Services (whose retail-banking networks and financial services are covered by Retail Banking & Services) and Corporate & Institutional Banking, which serves two client franchises: corporate clients and institutional investors.
BNP Paribas employs more than 9,000 people across 10 business lines in the UK. These include Corporate & Institutional Banking, Exane BNP Paribas, Leasing Solutions, Arval, Real Estate (including Strutt & Parker acquired in September 2017), Asset Management, Cardif Pinnacle, Commercial Finance, Personal Finance and Vauxhall Finance. Around half of its employees are in Corporate & Institutional Banking, based in London, while the others are based in various offices across the country, including Belfast, Birmingham, Cardiff, Glasgow, Manchester.

BNP Paribas announces the release of the second edition of ‘the Handbook of Corporate Financial Risk Management’, co-authored by Fabrice Famery and Stanley Myint.

The handbook is written with all risk management professionals and practitioners in mind, as well as lecturers and students in risk management. The refreshed edition is targeted at non-financial corporations. It contains 43 real-life case studies, based on 700+ client projects over 14 years.

BNP Paribas is sponsoring the book and maintains the copyright. The handbook is published by Risk Books. For more information, click here.

Fabrice Famery, head of Global Markets corporate sales at BNP Paribas said; “Over the seven years since the first edition, we have seen corporate clients facing new challenges such as the impact of sustainable finance and the shifting foreign exchange landscape. The handbook aims to help risk managers adapt their strategy and capital structure to succeed in this increasingly complex market landscape.”

Stanley Myint, head of risk management advisory at BNP Paribas said; “Our ambition with this handbook is to shed light on issues treasurers face every day while managing their financial risk. By illustrating the methodology with real-life case studies, we hope we will be able to help corporates put our recommendations into action in their business models.”

Ends

Press Contacts

Sarah Shephard sarah.shephard@uk.bnpparibas.com +44 (0) 20 7595 6038

BNP Paribas CIB on Twitter – @BNPParibasCIB

About BNP Paribas

BNP Paribas is a leading bank in Europe with an international reach. It has a presence in 73 countries, with more than 196,000 employees, including around 149,000 in Europe. The Group has key positions in its three main activities: Domestic Markets, International Financial Services (whose retail-banking networks and financial services are covered by Retail Banking & Services) and Corporate & Institutional Banking, which serves two client franchises: corporate clients and institutional investors.

BNP Paribas employs more than 9,000 people across 10 business lines in the UK. These include Corporate & Institutional Banking, Exane BNP Paribas, Leasing Solutions, Arval, Real Estate (including Strutt & Parker acquired in September 2017), Asset Management, Cardif Pinnacle, Commercial Finance, Personal Finance and Vauxhall Finance. Around half of its employees are in Corporate & Institutional Banking, based in London, while the others are based in various offices across the country, including Belfast, Birmingham, Cardiff, Glasgow, Manchester.

BNP Paribas today announces its strategic partnership with Kantox, a leading fintech specialising in FX risk management solutions.

The agreement enables BNP Paribas and Kantox to jointly offer Kantox’s Dynamic Hedging solution to BNP Paribas’ clients across EMEA. Dynamic Hedging is an innovative software solution developed by Kantox, which allows corporate treasurers to fully automate and streamline FX workflows. The solution will complement the product suite available on Centric, BNP Paribas’ leading digital banking platform.

This partnership strengthens BNP Paribas’ commitment to digital growth and transformation, demonstrating an agile approach which combines the strength of a leading global bank with the latest advances in fintech.

Philippe Gelis, CEO and co-founder at Kantox, said: “We are pleased to jointly offer our award-winning Dynamic Hedging solution to BNP Paribas’ corporate clients. Our solution allows treasurers to automate FX management and leverage micro-hedging to save time and streamline workflows. We believe that our offering, combined with the financial strength of BNP Paribas as a banking partner, is an attractive value proposition for their existing corporate client base.”

Xavier Gallant, Co-Head of Corporate Rates, FX and Local Markets Sales EMEA at BNP Paribas, said: “When it comes to managing foreign currency risk, we are seeing a real need for our corporate clients to improve efficiencies in forecasting their future cash flows, formalising hedging practices and optimising execution through automation. BNP Paribas’ partnership with Kantox will offer corporate treasurers in EMEA the opportunity to access a fully automated hedging solution and ultimately improve their treasury processes. We look forward to a successful partnership.”

Ends

Press Contacts

Sarah Shephard sarah.shephard@uk.bnpparibas.com +44 (0) 20 7595 6038

BNP Paribas CIB on Twitter – @BNPParibasCIB

About BNP Paribas

BNP Paribas is a leading bank in Europe with an international reach. It has a presence in 73 countries, with more than 196,000 employees, including around 149,000 in Europe. The Group has key positions in its three main activities: Domestic Markets, International Financial Services (whose retail-banking networks and financial services are covered by Retail Banking & Services) and Corporate & Institutional Banking, which serves two client franchises: corporate clients and institutional investors.

BNP Paribas employs more than 9,000 people across 10 business lines in the UK. These include Corporate & Institutional Banking, Exane BNP Paribas, Leasing Solutions, Arval, Real Estate (including Strutt & Parker acquired in September 2017), Asset Management, Cardif Pinnacle, Commercial Finance, Personal Finance and Vauxhall Finance. Around half of its employees are in Corporate & Institutional Banking, based in London, while the others are based in various offices across the country, including Belfast, Birmingham, Cardiff, Glasgow, Manchester.

About Kantox

Kantox is a leading fintech company building software solutions that help businesses to overcome complex FX challenges and leverage foreign currencies for growth. Kantox’s expertise and solutions allow businesses to capture FX exposure data and automate their hedging, payment and collection processes. Over 3,900 clients in 70 countries trust Kantox with their payment and currency management needs.

The company is headquartered in London and authorised by the Financial Conduct Authority (reference number 580343). For more information, visit www.kantox.com, @Kantox or LinkedIn

  • New report identifies the UK’s most important long-term growth industries
  • Scientific, admin, professional and support services sector is set to more than double in size over the next 20 years
  • Transport and Communications sector to create 120 new jobs a day until 2038, with tech and environmental changes a major driver
  • Health and social care also set to grow to meet the demands of an ageing population

The UK’s ten most important post-Brexit industries have been identified in an analysis commissioned by BNP Paribas, with science, technology and healthcare playing vital roles in driving future economic growth.

The BNP Paribas Market Leaders report analyses the fastest growing sectors in the UK economy over the next two decades and the underlying drivers of growth.  It is forecast using two metrics: Gross Value Added (GVA) and employment levels.  The 16 sectors analysed are those defined by the Office of National Statistics (ONS) for use in national economic indicators.

Against the backdrop of a post-Brexit environment, the report – carried out by Cebr – forecasts strong economic performance in science and technology.  The scientific, admin, professional and support services sector is set to more than double in size (by 103%) over the next 20 years and see 25% employment growth over the same period, meaning it will be the biggest sector in the UK economy by 2038, worth £560bn.

The second fastest economic growth over the next two decades will come in the transport, storage and communications sector, which is home to the IT and computer programming industries.  The sector overall expects to see 92% growth in the coming 20 years, and will be worth £451bn by 2038 – making it the second largest in the UK economy.  The analysis suggests that the sector will see a 37% increase in employment and add 900,000 jobs in the next 20 years – or 120 every day.

The report identifies that the IT and computer programming sub-sector is likely to see a notable rise in its value (increasing by 8% year on year to 2024, then by 6% in the longer term).  Seven in ten (71%) executives in the computer programming and consulting industries say tackling increased cyber security fears – from both businesses and consumers – will drive significant growth in the industry, through increasing demand for sophisticated antivirus software and specialist consulting services.

The third ranked sector is health and social work, which will see a 78% increase in the value of output over the next 20 years, as the UK meets the demands of an ageing population with increasingly complex needs.  The sector is forecast to grow to a value of £258bn in 2038, which will make it the fifth largest sector in the UK.  However, it is set to only see a 29% increase in employment.  Driving this growth is the higher number of people who will require more time from doctors and nurses, as well as increased care home availability.  This will require both greater NHS spending as well as private expenditure on many non-state funded health products.

The automotive manufacturing sector is also expected to stage a recovery post-Brexit.  Following a challenging period where growth rates fell to -1.4% in 2018, economists predict that the industry will begin to prosper again over the next two years, achieving growth of 3% by 2021.  68% of survey respondents in the automotive sector responded that the demand for green vehicles would affect future growth positively.

Over the long term, the findings identify the impact of bigger societal and technological trends. Driving much of the growth is a commitment to sustainability and tackling environmental concerns.  Indeed, the UK Government’s commitment to legislate for net zero emissions by 2050 will drive demand for innovation and creation of new products from the growing number of businesses and consumers seeking to become carbon neutral.  Additionally, a net zero economy requires low carbon infrastructure and construction – for example, an increase in the use of electric vehicles requires further development of a smart grid and widespread construction of charging terminals.  60% of construction professionals indicated that green construction would be a positive indicator of growth.

It’s also unsurprising to see a big uplift in the IT sector.  While growth in employment rates in this sector is offset somewhat by labour efficiencies coming from automation, we will continue to see specialist technology sectors booming over the next 20 years.

Drivers of Growth

The BNP Paribas Market Leaders Report also investigates the key drivers of growth in the UK economy and the regions set to benefit most from this economic prosperity.

  • Inner London ranks #1 when it comes to value in the Transport, Storage & Communications sector.
  • North Yorkshire is one of the top five areas for share of GVA coming from the Accommodation & Food Services sector (5.1%).  This sector is set to see a 41% increase in value over the next 20 years.
  • North Wales will enjoy employment growth thanks to a number of high-growth fintech start-ups locating in the area.
  • North Eastern Scotland, including the cities of Aberdeen and Dundee, sees 15% of its GVA value come from the high growth scientific and support services sector.
  • Manchester is identified as a new powerhouse in the health and social work sector with a market value of £6bn, equivalent to 9% of the city’s economy.
  • Cornwall and Isles of Scilly will see significant growth from the real estate sector (currently 17% of its economy) with the GVA of the sector set to grow by 44% over the next two decades.

Additionally, the report identifies an elite cohort of ‘Market Leaders’, Britain’s highest growth businesses, contrasted with lower growth ‘followers’.  The characteristics of these businesses include:

  • Employee satisfaction: market leaders are more likely to deploy productivity improving measures to ensure progression, including regular promotion opportunities (33%), flexible working (37%) and offering training courses (52%).
  • These companies also exhibit a stronger risk appetite, with a third (32%) embracing risk versus a much lower number (8%) of ‘followers’.

 Anne Marie Verstraeten, UK Country Head, BNP Paribas Group, said:

“Over the next 20 years, the environment and technology will increasingly be the catalysts of change for all sectors of the UK economy.  Such change inevitably breeds challenge, but it also triggers real opportunities for UK PLC to put its leadership position and creativity in these two areas to work, and, in so doing, create sustainable growth and new jobs.”

 Download the report here.