UK Government Allots GBP 134 Million to Green Businesses

The Government of the United Kingdom announced GBP 134 million in cleantech funding on November 4, 2020. The investments are part of the country’s green recovery efforts and aim to help clean growth projects develop new technologies, create new jobs, drive productivity, and tackle climate change.  The GBP 134 million comes from the United Kingdom’s Sustainable Innovation Fund, which is part of the GBP 1.25 billion investment package announced in April to help ambitious, innovative businesses survive and thrive during the COVID-19 pandemic.

More than 1,000 projects across the United Kingdom will receive funding of up to GBP 175,000 each. For example, support will go a business developing technology for autonomous underwater inspections of large offshore wind turbines, to one aiming to reduce the amount of waste in the UK’s brewing industry, and to a company working on a biorefinery that will turn seaweed into food and compostable packaging products.