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 893MW1 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 local2 economy during the development and construction phase, with 790 years of employment supported. Over the station’s operational lifetime3, 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