UK News

UK Government to supply £49.4 million funding for industrial fuel switching technology

Share

The UK Government will be supplying £49.4 million in funding to help the British industry end their reliance on fossil fuels and reduce energy costs, as reported on Friday, September 23.

The UK Government’s funding aims to back the development of fuel switching technology, helping to drive growth by attracting private investment and creating new jobs across the country.

The funding will be awarded to pioneering projects across the country, helping drive economic growth through the development of fuel switching technology which will see a wide range of industries, including steel, ceramics, pharmaceuticals and food production, reduce their reliance on fossil fuels and slash energy costs.

Business and Energy Minister Lord Callanan stated:

“We’re investing nearly £50 million to back British industry, making sure they’re fit for the future and helping end their dependency on expensive fossil fuels.”

“Developing fuel switching technology will make this possible, accelerating the transition to cleaner fuels across our economy, and driving down costs for businesses.”

The news follows reports that in a bid to bolster the UK’s energy security, the UK government has lifted the moratorium on shale gas production in England, and confirmed its support for a new oil and gas licensing round, expected to be launched by the North Sea Transition Authority (NSTA) in early October, as reported on Thursday, September 22.


Thank you for taking the time to read this article, do remember to come back and check The Euro Weekly News website for all your up-to-date local and international news stories and remember, you can also follow us on Facebook and Instagram.

Joshua Manning

Originally from the UK, Joshua is based on the Costa Blanca and is a web reporter for the Euro Weekly News covering international and Spanish national news. Got a news story you want to share? Then get in touch at editorial@euroweeklynews.com.



Recent Posts

  • EU News

Turkish authorities say they will not ask permission to conduct anti-terrorist operations

A spokesman for the Turkish authorities said they do not intend to ask for permission…

30 mins ago
  • World News

Murderer of Anti-apartheid hero Chris Hani released after 30 years

  The release from jail of the murderer of anti-apartheid hero Chris Hani has sparked…

39 mins ago
  • World News

BREAKING: Belarus Minister of Foreign Affairs Vladimir Makei dies

17:10 (November 26) - Unconfirmed rumours are circling that Makei might have been poisoned. (more…)

1 hour ago
  • Football

Lewandowski gets first World Cup goal as Poland beat Saudi Arabia

Robert Lewandowski finally gets a World Cup goal as Poland see off Saudi Arabia to…

1 hour ago
  • Costa Blanca South

Time for elderly residents to return to their Orihuela (Alicante) care home

RELOCATED residents of the Oriol care home will soon be able to return to Orihuela.…

2 hours ago
  • EU News

EU ministers have agreed a new coordination plan to tackle migration

EU interior ministers agreed a new plan to tackle migration and coordinate the handling of migrants who…

2 hours ago