The UK government has awarded over £190 million to help industry transition to net zero by reducing emissions as it switches to cleaner energy.
The package will see 12 businesses from the Local Industrial Decarbonisation Plan competition receive up to £6 million plans to cut their emissions.
The funding will be targeted at projects outside of the UK’s major industrial areas – from a Yorkshire pet food manufacturer to a Poole ferry operator. Companies in dispersed locations away from industrial heartlands account for 55% of the country’s industrial emissions.
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Minister for energy efficiency and green finance Lord Callanan also shared plans to open a new phase of the Industrial Energy Transformation Fund later this month for a further £185 million, which will help companies transform their operations to run on cleaner, more secure energy – backing measures such as replacing inefficient equipment, installing electric furnaces and switching to hydrogen.
The funding is ensuring businesses are supported in the transition to net zero, in a sustainable way and cost-effective way, securing green industrial jobs for the future.
Lord Callanan said: “From manufacturing chemicals to food and drink, UK industry is at the heart of our economy.
“With over £190 million available for businesses to make the move to cleaner, cheaper energy – and with 12 projects benefiting directly today – we are delivering the support they need to decarbonise.
“I look forward to seeing the plans developed by the successful clusters and encourage other businesses to apply to our Industrial Energy Transformation Fund, which has already made awards to over 150 projects to help companies go green,” Lord Callanan added.
