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Energy Business
Charley Rattan
Charley Rattan
Top Contributor
 · Posted in Energy Business

Hydrogen Carbon Capture and Storage | Government reignites industrial heartlands 10 days out from the International Investment Summit

Government confirms funding to launch the UK's first carbon capture sites, set to bring thousands of new skilled jobs, billions in private investment and support acceleration to net zero.

Prime Minister Keir Starmer said:

We’re reigniting our industrial heartlands by investing in the industry of the future.

For the past 14 years, business has been second-guessing a dysfunctional government – which has set us back and caused an economic slump.

Today’s announcement will give industry the certainty it needs – committing to 25 years of funding in this groundbreaking technology – to help deliver jobs, kickstart growth, and repair this country once and for all.

Today’s announcement confirms up to £21.7 billion of funding available, over 25 years, to make the UK an early leader in 2 growing global sectors, CCUS and hydrogen, to be allocated between these 2 clusters. The UK’s commitment was first made in 2009, and the confirmation of funding today represents a major success story for British industry.

 

 

 

 

CCS and Hydrogen

 

 

 


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