The MHA Energy group provides access to a wide range of services, across the country and internationally through our global network, Baker Tilly International.
The energy industries in the UK play a central role in the economy by producing, transforming and supplying energy in its various forms to all sectors. They are also major contributors to the UK’s Balance of Payments through the exports of crude oil and oil products. According to the ONS, in 2013 the energy industries’ contribution to the economy represented 3.3 per cent of GDP, 18 per cent of total investment, 56 per cent of industrial investment, 169,000 people directly employed (6.2 per cent of industrial employment), and many others indirectly employed (e.g. an estimated 200,000 in support of UK Continental Shelf activities).
Energy, natural resources and sustainability are related themes representing both an opportunity as well as a threat for all businesses, large and small. And with a changing regulatory landscape this is an area to be revisited, at least as often as you revisit your budgets, alongside your professional advisor.