The government will spend over £116 million to support British businesses that are developing new green technology to reduce carbon emissions, utility bills, and remove greenhouse gases from the atmosphere.

The funding aims to help projects across the UK develop new technologies that increase energy efficiency in homes and other buildings, cut CO2 emissions, boost energy security, and provide cleaner ways to generate power and heat.

The government said that UK companies developing new carbon capture technologies and technology that removes greenhouse gases from the atmosphere can now bid for a share of £64 million through through the Direct Air Capture and Greenhouse Gas Removal programme.

“This £116 million government investment will support businesses across the nation to turn their green ideas into reality, and to develop ground-breaking projects that save energy, slash utility bills and tackle pollution,” said Greg Hands, energy and climate change minister. “British businesses and entrepreneurs are already leading the world with innovative solutions to tackling climate change.

"This is not only good for the planet, but will bring new jobs and investment across the UK.”

Share Story: