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.
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Source: UK Government
£166.5 million cash boost will drive forward developments in critical technology needed for a green industrial revolution including carbon capture, greenhouse gas removal and hydrogen
Funding package will help benefit energy-intensive businesses like Tate & Lyle, BAE Systems and Celsa Manufacturing, creating over 60,000 well-paid green jobs across the UK, cutting business costs and helping to revitalise industrial heartlands
UK government powering ahead with ambitious commitments set out in the Prime Ministerâs 10 Point Plan for a green revolution just six months ago
The green technology required to help the UK meet its world-leading climate targets has been given a £166.5 million cash injection, just six months on from the publication of the Prime Ministerâs 10 Point Plan for a Green Industrial Revolution.
£166 million cash injection for Green Technology and 60,000 UK jobs
Government announces major cash injection for green technology and development as part of Green Industrial Revolution
From:
24 May 2021
£166.5 million cash boost will drive forward developments in critical technology needed for a green industrial revolution including carbon capture, greenhouse gas removal and hydrogen
Funding package will help benefit energy-intensive businesses like Tate & Lyle, BAE Systems and Celsa Manufacturing, creating over 60,000 well-paid green jobs across the UK, cutting business costs and helping to revitalise industrial heartlands
UK government powering ahead with ambitious commitments set out in the Prime Minister’s 10 Point Plan for a green revolution just six months ago
Multi-million cash injection for green technology The UK Government has announced a £166.5 million cash boost to help drive forward developments in critical technology needed for a green industrial revolution including carbon capture, greenhouse gas removal and hydrogen.
The green technology required to help the UK meet its world-leading climate targets has been given this cash injection, just six months on from the publication of the government s 10 Point Plan for a Green Industrial Revolution.
According to the government, this multi-million pound investment, awarded to innovators, businesses, academics and heavy industry right across the UK, will accelerate the delivery of the critical game-changing technologies needed to further drive Britainâs climate change ambitions and help to create over 60,000 jobs across the UK.