PM commits £350m to fuel green recovery

Loading energy of an electric car in Prague Czech republic

UK industry will receive around £350m to cut down carbon emissions under new plans to step up efforts to tackle climate change, Prime Minister Boris Johnson announced today.

The multi-million-pound investment package will build on the Prime Minister’s work throughout his first year in office to drive forward progress on the UK’s target to reach net-zero by 2050, by helping businesses to decarbonise across the heavy industry, construction, space and transport sectors and to secure the UK’s place at the forefront of green innovation.

The investment comes ahead of the PM launching the first meeting of the Jet Zero Council later today, which will bring together government, representatives from the environmental sector and the aviation and aerospace industry to tackle aviation emissions in line with the government’s ambition to achieve the first-ever zero-emission long haul passenger plane.

Prime Minister Boris Johnson said: “We’ve made great strides towards our net-zero target over the last year, but it’s more important than ever that we keep up the pace of change to fuel a green, sustainable recovery as we rebuild from the pandemic.

“The UK now has a huge opportunity to cement its place at the vanguard of green innovation, setting an example worldwide while growing the economy and creating new jobs.

“That’s why we’re backing cutting edge research to cut costs and carbon across our great British industries, and even paving the way for the first-ever zero-emission long haul passenger flight – so that our green ambitions remain sky high as we build back better for both our people and our planet.”

The projects set to receive funding will work on developing new technologies that could help companies switch to more energy-efficient means of production, use data more effectively to tackle the impacts of climate change and help support the creation of new green jobs by driving innovation and growth in UK industries.

The package includes £139m to cut emissions in heavy industry by supporting the transition from natural gas to clean hydrogen power and scaling up carbon capture and storage (CCS) technology which can stop over 90% of emissions being released from industrial plants into the air by storing carbon permanently underground.

£149m in funding will be used to drive the use of innovative materials in heavy industry; the 13 initial projects will include proposals to reuse waste ash in the glass and ceramics industry and the development of recyclable steel.

A further £26m to support advanced new building techniques in order to reduce build costs and carbon emissions in the construction industry. A £10m boost will also be used for state-of-the-art construction tech which will go towards 19 projects focused on improving productivity and building quality, for example, re-usable roofs and walls and “digital clones” of buildings that analyse data in real-time.

The government is also launching a New National Space Innovation Programme backed by £15m initial funding from the UK Space Agency, which will see the first £10m go towards projects that will monitor climate change across the globe, which could protect local areas from the impacts of extreme weather by identifying changes in the environment.

Finally, the PM will also be opening up bids for a further £10m for R&D in the automotive sector, to help companies take cutting edge ideas from prototype to market, including more efficient electric motors or more powerful batteries