Monday 22 January 2024

UK businesses get £185m boost to slash emissions and bills

The government has unveiled twelve winners from the Local Industrial Decarbonisation Plan competition, each set to benefit from a share of up to £6 million for low carbon projects.

The funding aims to facilitate collaborative efforts among winning businesses and partners to devise strategies for emission reduction, allowing mutual learning and access to technical advisors for the adoption of measures such as hydrogen or carbon capture.

Lord Callanan has also disclosed plans for an additional £185 million funding phase in the Industrial Energy Transformation Fund, supporting businesses in transitioning to cleaner energy and securing green industrial jobs.

The eligible sectors for this support include manufacturing, recycling, controlled environment horticulture, industrial laundries and textile renting facilities.

Minister for Energy Efficiency and Green Finance 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 twelve projects benefiting directly today – we are delivering the support they need to decarbonise."