Government offers £37m of new funding for electric transport

The move aims to help decarbonise some of the UK’s most polluting industries and ensure the country can hit net zero by 2050

The government has announced it is offering £37 million of new finance to design, test and manufacture electric transport solutions.

Business Secretary and COP26 President Alok Sharma unveiled the round of new investment, which he suggested will help decarbonise some of the UK’s most polluting industries.

Around £30 million will be used to create four "cutting-edge centres of excellence" based in Newport, Nottingham, Strathclyde and Sunderland, which will conduct research and development surrounding electric planes, ships and cars.

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