Over £190 million will be made available to help industry in the transition to net zero, reducing emissions as they switch to cleaner, cheaper energy
A multi-million-pound package will help businesses across the UK to cut their emissions and energy bills.
Minister for Energy Efficiency and Green Finance Lord Callanan today (Monday 22 January) announced 12 winners from the Local Industrial Decarbonisation Plan competition, who will each benefit from a share of up to £6 million to develop plans for a low carbon future.
This funding will give winning businesses and partners the chance to work together on plans to cut their emissions, learning from each other while also having access to technical advisors to prepare for adopting measures such as using hydrogen or carbon capture.
In particular, this 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.
He 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.
Sectors including manufacturing and recycling – and for the first time controlled environment horticulture, industrial laundries and textile renting facilities – will be among those eligible for apply for this new support, as part of wider government efforts to meet the UK’s net zero targets.
Minister for Energy Efficiency and Green Finance Lord Callanan said:
Today’s winners include:
The Industrial Energy Transformation Fund will also offer support for businesses to switch to more energy efficient technologies through a new phase opening on Monday 29 January.
Previous winners have included:
These announcements are part of the government’s commitment to spend more than £12 billion on energy efficiency by 2028, helping more households and businesses to benefit from lower bills and cleaner energy.
Further Quotes
Shoreham Port Industrial Cluster LIDP
Tom Willis, Chief Executive of Shoreham Port, said:
NEW- ID (Northeast Wales)
Ben Burggraaf, CEO of Net Zero Industry Wales, said:
Decarbonising Midlands Aerospace Cluster
Dr Andrew Mair, Chief Executive at Midlands Aerospace Alliance, said:
Solent LIDP
Anne-Marie Mountifield, Chair of The Solent Cluster, said:
ID-NI (Northern Ireland)
Rachel Sankannawar, Head of Green Economy Development at Invest Northern Ireland, said:
Innovate UK
Bryony Livesey, Challenge Director – Industrial Decarbonisation at Innovate UK, said:
Notes to Editors