Six projects across the UK will today receive a share of £8m in government funding as part of a drive to create the world’s first net-zero emissions industrial zone by 2040.
Projects in the West Midlands, Tees Valley, North West, Humber, Scotland and South Wales will see local authorities working with industry to develop plans to reduce carbon emissions, with one scheme alone – across the North West of England and North East Wales – aiming to create over 33,000 new jobs and more than £4 billion of investment as it bids to become the world’s first net zero industrial zone.
A net zero industrial zone will see all industries in a region collectively reducing their carbon dioxide emissions to as close to zero as possible using low-carbon energy sources and new technology like carbon capture.
All 6 areas receiving funding today have high concentrations of industrial activity and will get a share of up to £8 million towards the development of decarbonisation plans.
Energy Minister Kwasi Kwarteng said: “The UK is leading the world’s green industrial revolution, with ambitious targets to decarbonise our economy and create hundreds of thousands of jobs.
“As we continue to level up the UK economy and build back greener, we must ensure every sector is reducing carbon emissions to help us achieve our commitment to net zero emissions by 2050.
“This funding will help key industrial areas meet the challenge of contributing to our cleaner future while maintaining their productive and competitive strengths.”
Bryony Livesey, UKRI Challenge Director, Industrial Decarbonisation, said: “Today’s announcement shows that the industrial clusters campaign is proceeding at pace. This second phase of the competition asks companies and partners to plan for comprehensive changes to industries, products and supply lines.
“This is a crucial step in the government’s plans to develop cost-effective decarbonisation in industrial hubs that tackle the emissions challenge UK industry faces. The move to low carbon industry is a huge opportunity, with the chance for the UK to take the lead and seize a large share of a growing global market.”