Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Government invests £80 Million in UK Businesses in drive to Net-Zero Ambitions

by June 29, 2023
June 29, 2023
Government invests £80 Million in UK Businesses in drive to Net-Zero Ambitions

The Government has injected £80 million into UK Businesses to revolutionise their industry with cleaner energy sources – such as hydrogen and biomass.

The funding is part of a £1 billion drive to support state-of-the-art clean climate technologies, and is available to a range of businesses, from cereal-making to whisky distillery.

Breakfast giant, Kellogg’s, is among 29 of the successful projects to receive the funding to help improve production processes, and will use £3 million of the Government’s investment to use hydrogen to fuel their cereal-making in Manchester.

One of Scotland’s oldest whisky makers, Annadale Distillery, is also receiving a £3.6 million Government investment to put towards new thermal heating technology in a step towards a new low-carbon future.

Laimonas Noreika, CEO, HeavyFinance said: “Affording businesses with such funding is a key step in achieving a net-zero, equitable and resilient future. Seeing established household names become key players in this movement will influence other brands to enhance their practices and follow suit.

Encouraging collaboration for the R&D of these projects will also help boost innovation and promote growth for the UK, as well as helping drive it as a leading global Climate Tech hub.”

The funding supports the Government’s commitment to reduce overall UK energy demand by 15 per cent by 2030, alongside the greater ambition for the UK to move towards greater energy independence.

This also includes new reports being published to support the transition to alternative energy sources, including guidance on designs for hydrogen technology systems, as part of the Industrial Hydrogen Accelerator programme.

Minister for Energy Security and Net-Zero, Graham Stuart, said: “Our investment of over £80 million will help the great manufacturers of our country 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.”

Read more:
Government invests £80 Million in UK Businesses in drive to Net-Zero Ambitions

0
FacebookTwitterGoogle +Pinterest
previous post
£5M fund to drive SME export growth unveiled by Institute of Export & International Trade
next post
West Midlands tops regional rankings for foreign investment and sees highest growth in the UK 

You may also like

Credibility is returning to UK’s gilts, says Bank...

October 25, 2022

Why a Drill-Powered Water Pump is a Must-Have...

April 10, 2025

Calls for stricter UK oversight of workplace AI...

April 17, 2023

Labour considers watering down plans for private equity...

February 5, 2024

Getting to Know You: Brad Walker, founder of...

August 13, 2024

What came first, the purpose or the people?

March 24, 2025

Dr. Suara Adediran on Curiosity, Mentorship, and the...

October 10, 2024

Germany to pay December gas bills for households...

October 11, 2022

Elon Musk Secures Shareholder Approval for Historic £44bn...

June 14, 2024

What is a Personal Injury Claim?

November 6, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Trump ally stands firm against ‘big, beautiful bill’ despite pressure: ‘It’ll completely backfire’

      June 8, 2025
    • Rubio condemns assassination attempt on Colombian presidential candidate Miguel Uribe

      June 8, 2025
    • Obama WH physician says Biden doc should have performed cognitive test

      June 8, 2025
    • Trump warns of ‘serious consequences’ if Elon Musk funds Democrats

      June 7, 2025
    • Musk jokes about reconsidering stance on Big Beautiful Bill after Schiff’s praise

      June 7, 2025
    • Musk deletes explosive posts about Trump and Epstein files

      June 7, 2025

    Categories

    • Business (8,152)
    • Investing (2,019)
    • Politics (15,571)
    • Stocks (3,136)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved