Investments in Green Technology
As part of its Green Industrial Revolution, the government will inject a GBP 166.5 million to drive forward developments in critical technology, including carbon capture, greenhouse gas removal and hydrogen.
This 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 revitalize industrial heartlands.
GBP 86 million of the total funding package comes from the government’s GBP 1 billion Net Zero Innovation Portfolio.
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