Manufacturing Biz #2 - Magazine - Page 6
More support for industry to
cut emissions and energy bills
A
multi-million-pound package will
help businesses across the UK to cut
their emissions and energy bills.
Minister for Energy Efficiency and Green
Finance Lord Callanan announced
12 winners from the Local Industrial
Decarbonisation Plan competition, who
will each benefit from a share of up to £6
million to develop plans for a low carbon
future.
This funding will give winning businesses
and partners the chance to work together
on plans to cut their emissions, learning
from each other while also having access to
technical advisors to prepare for adopting
measures such as using hydrogen or
carbon capture.
In particular, this will be targeted at
projects outside of the UK’s major
industrial areas – from a Yorkshire pet food
manufacturer to a Poole ferry operator.
Companies in dispersed locations away
from industrial heartlands account for 55%
of the country’s industrial emissions.
6
He also shared plans to open a new phase
of the Industrial Energy Transformation
Fund for a further £185 million, which will
help companies transform their operations
to run on cleaner, more secure energy
– backing measures such as replacing
inefficient equipment, installing electric
furnaces and switching to hydrogen.
The funding is ensuring businesses are
supported in the transition to net zero,
in a sustainable way and cost-effective
way, securing green industrial jobs for the
future.
Sectors including manufacturing and
recycling – and for the first time controlled
environment horticulture, industrial
laundries and textile renting facilities – will
be among those eligible for apply for this
new support, as part of wider government
efforts to meet the UK’s net zero targets.
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.
M A N U FA C T U R I N G B I Z M A G A Z I N E | A P R I L 2 0 2 4
“With over £190 million available
for businesses to make the move to
cleaner, cheaper energy – and with 12
projects benefiting directly today – we
are delivering the support they need to
decarbonise.
“I look forward to seeing
the plans developed by
the successful clusters and
encourage other businesses
to apply to our Industrial
Energy Transformation
Fund, which has already
made awards to over 150
projects to help companies go
green.”
- Minister for Energy
Efficiency and Green Finance
Lord Callanan