Potential undermined

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Yorkshire’s potential to lead in renewable energy development is being held back by a lack of clarity and consistency in the government’s energy policy, according to consultants KPMG.

The firm’s latest review of global renewable energy mergers and acquisitions found that three out of four potential investors would have put more money into the UK over the last three years if regulation and legislation had been clearer and more consistent.

KPMG’s Northern head of energy and natural resources, Phil Abram, said there was no doubt that Yorkshire would become a top destination for investment if energy policy was more encouraging.