Developing a supply hub in the Bowland Shale could see Northern economies benefit from a £30 billion boost, according to a new report.
The development of a supply chain to support the industry could also support 13,000 jobs.
The figures are based on the development of 100 well pad sites covering the Midlands and North of England, in particular the Ocean Gateway area stretching from the port of Liverpool to Manchester which could become a UK and international centre of excellence.
Shale Gas – Creating a Supply Hub for the Bowland Shale was published by AMION Consulting and commissioned by Peel Gas & Oil.
Managing director Myles Kitcher said: “Creating a prosperous supply chain to service the Bowland Shale could be transformational in driving the Northern Powerhouse economies.
“From cementing services and steel supplies to water management and infrastructure, the opportunities are abundant.”
It is estimated that developing the sector will generate a spend of around £30bn up to 2048.