Research and analysis

Economic impact of industrial plant closure in the UK: feasibility study

Examining the economic impact of plant closures in the UK. BIS research paper 122.

Document

Feasibility study: the economic impact of industrial plant closure in the UK, with an emphasis on energy intensive industries

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Detail

This report reviews the available evidence on the short and long term economic impacts of industrial plant closure in the UK with a specific focus on energy intensive industries. It uses an impact assessment framework to identify the impacts on:

  • investment capital (shareholders)
  • fixed capital (equipment, buildings, land)
  • employees (managing director - shop floor)
  • suppliers, and loans, taxes and payments (creditors, HMRC, local authorities, etc)

The report then looks at options for how research on plant closure impacts could be further developed, both in general and with specific reference to energy intensive industries.