Run by government in partnership with Innovate UK (IUK), the LIPD funding is focused on supporting dispersed industrial manufacturers not located in the UK’s existing industrial clusters to decarbonise and reduce their emissions.Roughly half of the UK’s industrial emissions come from dispersed industrial sites, but previous funding and support has been lacklustre. Now, 12 competition winners will benefit from both funding and extra collaborative opportunities that include sharing of costs across multiple sites and gaining access to a larger pool of resources. The competitive grant funding will support the advancement of place-based decarbonisation plans that demonstrate collaboration between closely located industrial businesses, and other stakeholders.
One of the twelve winners includes an eleven-strong consortium led by Mayor Dan Norris’s West of England Combined Authority, which has been awarded £750,000 to decarbonise industries in and around Bristol Port. The funding will be used to identify the areas where firms can become much more energy efficient, and where cleaner, greener fuels can be used. Carbon capture technologies will also be considered, in cases where it’s not yet possible to entirely eliminate carbon emissions.
Joanna Watchman, Managing Director and Founder of Content Coms, said, “The LIPD competition serves as a much-needed boost for industrial sites across the UK. As an ESG consultancy for manufacturers, we’ve seen first-hand the scale of the decarbonisation challenge in this sector; which is currently compounded by economic uncertainty.
“Despite these barriers, we’re delighted to see the South West leading the way in the green transition. This funding will further unlock the economic opportunities afforded by clean growth in the region.”
Article by [FURL=https://contentcoms.co.uk/sectors/technology/]marketing agency for technology brands[/FURL], Content Coms. Input by [FURL=https://www.zeb-uk.com]zero emissions buildings[/FURL] specialist ZEB.