£80 million has been given to UK businesses to fund the reduction of their carbon emissions. This grant comes as part of the Government’s £1 billion Net Zero Innovation Portfolio, which is designed to increase the use of low-carbon technologies in the UK.
What is the purpose of the £80 million grant?
This grant, along with many others in action at the moment, has been issued as part of a larger effort to create lasting change across the nation. The UK is making efforts to move towards a future with more energy security. Part of that energy-secure future includes reaching the goal of Net Zero emissions by 2050. To achieve this, businesses of all scales across the UK must switch to cleaner forms of energy in their production processes.
This new wave of Net Zero Innovation Portfolio funding has kicked off this process for many big players in UK industry. Here are just a few examples.
Kellogs have been awarded 3 million for investment in their production processes to cut emissions. They have used this funding to develop technology which uses hydrogen to furl their cereal-making processes in Manchester.
Annadale Distillery have received a £3.6 million investment which they have used in partnership with Exergy3 Ltd. Together, they have developed a system which stores thermal energy. This thermal energy from electricity is harnessed using ceramic bricks, which produce heating gas. This clean alternative could fully decarbonise the whiskey-making process!
Burton’s Food Ltd
Burton’s Food is Britains biggest biscuit maker. They have used their £3 million from the NZIP grant to swap out their gas oven at their bakery in Dorset for an electric one. Once again, this helps bring down emissions.
Our investment of over £80 million will help them to go further and faster, using the latest science, technologies, and new energy sources to cut ties with fossil fuels and future-proof their industries
Minister for Energy Security and Net Zero, Graham Stuart
It is interesting to note such shifts happening in the way this country approaches industry. We are seeing the transition to cleaner energy happening in place after place as we move further through 2023.
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