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£300 million government investment announced for cleaner transport
£300 million government investment announced for cleaner transport

£300 million government investment announced for cleaner transport

The government has announced investment of up to £300 million to develop cleaner transport.

It is a sign of continued commitment to reducing emissions and tackling the climate emergency, and the announcement was made on the same weekend that the Prime Minister was in Biarritz to attend a G7 Summit.

The summit urged even greater action in working to protect the environment for future generations; the government’s funding to develop cleaner transport will boost UK innovators and help them follow suit.

Breaking down the sums, the government is providing £125 million, with the remaining £175 million coming from industry co-investment.

All of this will support “exciting new technologies” such as flying urban taxis, electric passenger planes and freight-carrying drones.

The Prime Minister said:  “From our shopping choices to planning our holidays, we rightly want to make decisions that protect the planet.

“This £300 million investment will help speed up the development of greener flights, and new ways of delivering the goods we order online.

“The UK is already recognised around the world as a centre for green tech. Now we will lengthen our lead, supporting our industry and our citizens to reduce their carbon footprint.”

As well as the £300 million to develop greener transport options, the government have announced that five brand new transport research networks will receive a cash injection of £5 million to develop cleaner forms of fuel and other tech innovations that improve air quality.

The University of Leeds, University of Durham, Cardiff University, University College London and University of Birmingham will lead the five transport research networks.

The extra funding for this research has been awarded by the Engineering and Physical Sciences Research Council (EPSRC) and will facilitate another huge step towards cleaner transport.

Commitments such as these are required given the government’s net-zero targets; the country is taking climate change much more seriously and working towards greener travel options in all parts of the sector.

 

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