The UK government has announced an £80m boost to reduce CO2 emissions from industry and homes, to work alongside its new £200m investment in green research and development enterprises.
The new government funding will cover an extensive array of programmes. While £30m will go towards the initial stage of the Industrial Energy Transformation Fund (IETF) targeting more energy intensive operations such as steel plants and car factories, a further £25m is earmarked for eco-friendly options for heating networks.
Industrial enterprises planning an energy efficiency audit can rely on professional electricians for accurate assessment. Many electrical contractors in Chester, Manchester and other cities will visit company premises and give a free and comprehensive assessment of the business’s energy use and the potential savings possible by using alternative solutions.
Minister for Energy and Clean Growth, Kwasi Kwarteng, commented on the investment stating it would:
“…help to reduce emissions across our economy, which will save people money on energy bills and protect jobs in heavy industry.”
“We want to invest now to ensure we continue to propel the UK towards a stronger, greener future.”
The remainder of the large-scale investment will be channelled into supporting and developing environmentally friendly innovations for social housing including heat pumps and insulation installations.
The newly unveiled investment follows the recent support package outlined by the government representing almost £200m worth of funding for R&D companies working on green technologies that cut CO2 levels and reduce energy usage.