The ‘Powering Progress’ report highlights the socio-economic impacts of Keadby 2 at a local, regional and national level, based on analysis from BiGGAR Economics. Once completed in 2022, the 893MW
1 Keadby 2 is expected to be the cleanest and most efficient gas-fired power station in Europe, helping the UK to move away from older, more carbon intensive generation in the decades ahead.
The new report shows that £51m is expected to be contributed to the local
2 economy during the development and construction phase, with 790 years of employment supported. Over the station’s operational lifetime
3, it is estimated that £13m will be added to the local economy each year, with a total of 220 jobs supported on an annual basis.
the wider regional economy - within Yorkshire, the Humber and the East Midlands
– the figure rises to £76m, with 1,170 years of employment supported during
development and construction. Throughout the operational phase, an estimated
£17m will be added to the regional economy annually, with a total of 290 jobs
supported every year.
national level, the analysis by BiGGAR Economics shows that a total of £175m
will be contributed to the UK economy during development and construction, with
2,900 years of employment supported. Once operational, the station is expected
to add £36m to the national economy each year, with 550 jobs supported across
the country on an annual basis. This means that over Keadby 2’s lifetime, a
total of over £1bn is expected to be added to the UK economy.
addition to the station’s economic contribution, the Powering Progress report
also highlights local community engagement activities, including donations of
£20,000 to local charities and support for Keadby with Althorpe Primary
School’s Greenpower Project. You can view the report in full at