Awarded to innovators, businesses, academics and heavy industry, the investment will accelerate the delivery of the technologies needed to further drive Britain’s climate change ambitions, while creating over 60,000 jobs across the UK.
The funding package will develop technologies in carbon capture, greenhouse gas removal and hydrogen, while also helping find solutions to decarbonise the UK’s polluting sectors including manufacturing, steel, energy and waste.
It will help put the UK at the forefront of the green technologies of the future, while supporting British industries to lowers costs, remain competitive and protect jobs as they improve their energy efficiency and transition to a green economy.