Ministers have announced more than half a billion pounds of investment in green technologies, with electric vehicle (EV) charging infrastructure receiving the lion’s share.
The first £70m has been earmarked for 3,000 charge points – more than doubling the number across the UK to 5,000, says the Treasury.
A review is currently underway to explore the provision of charge points across major road networks. Today’s investment complements £1.5 billion support to boost the uptake of EVs and make cleaner vehicles more accessible to everyone, it said.
It has also announced £31.5m for research into pioneering technologies to remove greenhouse gases from the atmosphere, and £22m to research new kinds of air pollutants and minimise their effects on public health.
The Charging Infrastructure Investment Fund will be managed and invested on a commercial basis by the private sector, and Government will invest up to £200m to be matched by private investors.
The fund, it said, is leveraging private investment to support the rollout of charge points for electric vehicles across the UK.
The initial £70m investment has been provided by Government and Masdar.
Further investment into green technology is also being announced.
The Department for Business, Energy and Industrial Strategy has unveiled £142.9m funding in green projects, including driving forward approaches to removing greenhouse gases from the air.
Part of the second wave of the Government’s Strategic Priority Fund, the investment, it says, is evidence of the Government’s steadfast commitment to ensure a healthy, happy planet and population.
The SPF Wave 2 total programme funding figure is £496.8 million. The fund is being delivered by UK Research and Innovation (UKRI).
Five projects are benefiting from the cash injection, include:
- Greenhouse Gas Removal Technologies (£31.52m) – this will support the UK in its net zero ambitions, by driving forward approaches to remove greenhouse gases from the sky on a large scale.
- Clean Air: Addressing the Challenge of Indoor and Outdoor Pollution (£22m) – the next decade will see declining transport pollution but increases in other areas like household products and adhesives. This project will look at tackling emerging air pollutants indoors and outdoors, such as air fresheners and cleaning products, to minimise their effects on public health.
- Cleaner food systems for healthy people and a healthy planet (£47m) – this will transform UK diets to be healthier and more sustainable through changes in production, manufacturing, retail and consumption. It will deliver coherent evidence to enable concerted action from policy, business and civil society to help the UK meet its targets on obesity and greenhouse gas emissions.
- Reusing and recycling materials in innovative ways (£30m) – this programme will drive forward new research to support opportunities to re-use and recycle materials across sectors such as food, water, textiles and electronics – as well accelerating new, greener manufacturing technologies.
- Sustainable Management of Marine Resources (£12.43m) – This programme will ensure that the UK realises sustainable societal and economic benefits through better management of the UK’s marine resources, including working more closely with government, industry and the public.