Grangemouth firms can tap into new multi-million pound net-zero emissions funding

The UK Government has opened two innovation funds designed to help businesses like Ineos in Grangemouth to plan and deploy technology to help reach net-zero emissions by 2050.

The funding, overseen by UK Research and Innovation (UKRI), allows businesses to apply for a share of up to £1 million to develop plans to decarbonise industrial clusters and another share of up to £1 million to create roadmaps to plot a course to net-zero by 2050 – up to £140 million could then be accessed by successful applicants.

The Deployment and Roadmaps funds are being opened as part of the wider Industrial Decarbonisation challenge that commits £170 million towards technologies such as carbon capture and hydrogen networks.

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These technologies will help decarbonise industrial clusters located in Grangemouth, Merseyside, Teeside, Humberside, South Wales and Southampton.

Bryony Livesey, Industrial Decarbonisation director, said: “This is a great opportunity for businesses to contribute to decarbonising a cluster of industries. These initial competitions are an important first step for businesses to tell us their ideas and plan to accelerate cost-effective decarbonisation.”