UK unveils £20M fund to propel green shipbuilding
The UK government launched today a £20 million (about $27.7 million) competition to make innovative green maritime ideas a reality.
As informed, the fund will be used to support the development of prototype vessels and port infrastructure that could then be rolled out widely – propelling the sector towards net-zero, as the UK prepares to host the COP26 climate change summit in November.
The government is encouraging scientists and academics to collaborate with UK shipping, ports and shipbuilders to enter ambitious proposals into the competition:
- Driving economic growth;
- Revitalising coastal communities;
- Creating 1,000s of jobs;
- Positioning the country as a leader in the field.
Specifically, the trials will enable companies to test the new technologies, with a view to them being developed commercially if proven to be successful, helping the UK builds back greener from the pandemic.
“We are revolutionising maritime technology and, from electric boats to hydrogen ports, we will change the way this country sails forever, and bring jobs and prosperity to the UK,” Grant Shapps, Transport Secretary, pointed out.
The competition launch comes as the government prepares to publish its transformational Transport Decarbonisation Plan, which sets out how all modes of transport – sea, rail, road and aviation – can make the switch to net zero.
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