£20 million green fund launched
The government has this week launched a £20 million fund to develop zero-emissions shipping vessels and port infrastructure.
Companies can compete for the funding, which will be used to support the development of prototype vessels and port infrastructure that could then be rolled out widely – propelling the sector towards net-zero, as the UK prepares to host the COP26 climate change summit in November.
The government is encouraging scientists and academics to collaborate with UK shipping, ports and shipbuilders to enter ambitious proposals into the competition:
- driving economic growth
- revitalising coastal communities
- creating 1000s of jobs
- positioning the country as a leader in the field
Transport Secretary Grant Shapps said, “We have a proud shipbuilding history and, together with industry, I am determined to build on that as we look to develop the innovations of the future and meet our net-zero target.
“We are revolutionising maritime technology and, from electric boats to hydrogen ports, we will change the way this country sails forever, and bring jobs and prosperity to the UK.”