"We're backing UK businesses by powering up green aviation. Our £43 million investment will deliver the cutting-edge technology of the future, grow the economy and support highly skilled jobs as part of our mission to deliver national renewal. Zero emission aircraft, hydrogen fuels and other emerging technologies are vital to reduce the climate impacts from flying, and will enable us to deliver our airport expansion plans to boost connectivity and grow the economy."
"With the production of low-carbon fuels alone expected to add up to £5 billion to the economy by 2050, the funding will drive millions of pounds of private investment into the aviation sector, supporting skilled jobs in technology development and scientific research, and funding projects to slash emissions from aviation. Businesses, researchers and universities across the UK will be invited to bid for their share of the £43 million, with competitions launching from February to allocate the funding."
The Government announced a £43 million fund for green aviation projects to support jobs and attract private investment. Funding aligns with planned expansion at Heathrow, Gatwick and Luton and follows a Transport Secretary-led meeting with airlines, airports, innovators and engineering firms to focus on decarbonising technologies while delivering growth. Production of low-carbon fuels could add up to £5 billion to the economy by 2050. The funding will support research and development, technology and scientific roles, and projects to slash aviation emissions. Competitions launching from February will invite businesses, researchers and universities across the UK to bid for grants aimed at net zero aviation by 2050.
Read at London Business News | Londonlovesbusiness.com
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