The news from 49 vegan publishers and animal rights charities are automatically posted here
News feed updated every 5 minutes

UK Government Told Economy Will Lose £2.1Bn if it Fails to Support Cell-Cultured Meat


October 4, 2021
From Vegconomist
239 views

UK Government Told Economy Will Lose £2.1Bn if it Fails to Support Cell-Cultured Meat – vegconomist – the vegan business magazine


  • October 4, 2021

    1633330842


    Voiced by Amazon Polly

    A study, commissioned by cell-cultured meat company and conducted by researchers from , has issued a stark warning to the UK government.

    The study found that cell-cultured meat could add £2.1bn to the UK economy by 2030, along with creating 16,500 jobs. Based on this projection, cultured meat would make up 13% of the UK’s agriculture sector, raise £523 million in taxes, and account for 12% of consumer demand for meat, all less than a decade from now.

    However, this will only be possible if the UK grants regulatory approval to the sale of cell-cultured meat by the end of 2022. Failing that, the country will fall behind others such as Singapore, the US, and Israel.

    IvyFarm Sausage
    Image supplied by Ivy Farm

    A market report earlier this year found that globally, the cell-cultured meat market would be . But currently, cultured meat is not available commercially in the UK, whereas in Israel it is already being .

    Ivy Farm Technologies, which commissioned the Oxford Economics study, aims to , and ultimately intends to produce 12,000 tons of cultured pork per year.

    “This is the first time a definitive economic dataset has been calculated for the UK’s cultivated meat industry and we’re urging the government and the FSA to study the report carefully,” said Ivy Farm Technologies CEO Rich Dillon. “If we don’t move quickly, countries like Singapore that have already approved cultivated meat for consumption will leave us in their wake.”

    He added, “If we can release the handbrake and seize the ‘first mover’ advantage, the UK can become a powerhouse for alternative proteins, exporting our products and technology across the globe and reducing the UK’s reliance on imported meat.”




    Source: Vegconomist.com
    Discuss In The Forum


    FOLLOW US
    ON TWITTER
    FOLLOW US
    ON MASTODON
    FOLLOW US
    ON TUMBLR


    PETA-Certified Vegan T-shirts ★ Free Shipping


    Meat = murder
    Go vegan
    Worship seitan
    Je vais arrêter d'imposer mes idées quand tu arrrêteras de leur imposer les tiennes
    Vegan
    As long as there are slaughterhouses there will be battlefields (Leo Tolstoy)
    Eating meat is fucking up the planet
    May the vegan force be with you
    Animals are my friends and I don't eat my friends
    Certified vegan

    vegan shirts




    All content sourced from external websites. Opinions are those of the contributors and are not necessarily endorsed by Vegan-news.net or its partners. [Disclaimer]