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PRIVACY
Economic Development

£8m funding boost for º£½ÇÊÓÆµ regions to cut industry carbon emissions

Projects in the West Midlands, Tees Valley, North West, Humber, South Wales and Scotland will receive a share of the funding

Drax power station near Selby, North Yorkshire.(Image: Anna Gowthorpe/PA Wire)

Six projects across the º£½ÇÊÓÆµ are to receive a share of £8m 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, South Wales and Scotland have won the backing as part of efforts to develop ways to cut carbon emissions from major industrial areas.

And one scheme alone - across the North West of England and North East Wales - will aim to create more than 33,000 new jobs and more than £4bn 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.

The funding is the latest phase of Government's £170 million Industrial Decarbonisation Challenge which has the potential to create tens of thousands of jobs as º£½ÇÊÓÆµ builds back greener.

It is part of the wider Industrial Clusters Mission to support the delivery of four low-carbon regional zones by 2030 and at least one net-zero green hotspot by 2040.

All six areas receiving funding have high concentrations of industrial activity and will use the cash to develop detailed decarbonisation plans.

Energy Minister Kwasi Kwarteng said: "The º£½ÇÊÓÆµ 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 º£½ÇÊÓÆµ 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.