From dusted-off bikes to electric dreams: UK green economy booms on back of Covid-19

The queues were “absolutely crazy”, says Gavin Hudson, the owner of the cycle repair startup Butternut Bikes. As lockdown descended he began fixing old bikes in the parking lot of a Methodist church in north London, before moving his services to a furloughed pub in Crouch End. However, the surge in demand for cycle repairs meant the pop-up was soon able to afford a permanent address. “Some people come in and tell us they haven’t been on a bike in 10 years,” Hudson says. “They are dragging all kinds of bikes, covered in cobwebs, out from the shed to get back on the roads. It’s great. I think it’s really true that there are few problems in society today that can’t be made better by getting people walking and cycling more.” Butternut Bikes is one of countless British businesses poised to profit from a green economic boom in the wake of the coronavirus pandemic. While the government faces growing pressure to unveil a post-pandemic economic stimulus package that is climate friendly, Britain’s economic green shoots are already in evidence. UK public ‘supports green recovery from coronavirus crisis’ Read more Steven Jennings, a partner at the global advisory firm PwC, […]

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