What is the Industrial Decarbonisation challenge?
This challenge aims to accelerate the cost-effective decarbonisation of industry by developing and deploying low-carbon technologies. It also aims to enable the deployment of infrastructure at scale by the mid-2020s.
It aims to boost the competitiveness of key industrial regions and drive inward investment, creating and protecting jobs for a low-carbon global economy with growing low-carbon export markets
It will support delivery of the Clean Growth Grand Challenge and the Industrial Clusters Mission, which has set an ambition to establish at least one low-carbon industrial cluster by 2030 and the world’s first net-zero carbon industrial cluster by 2040. The Mission, and this challenge, will help to place the UK at the forefront of the global shift to Clean Growth, by driving the technologies, services and markets to produce low carbon industrial products.
What’s the investment?
The Industrial Decarbonisation programme is funded by £170 million from the Industrial Strategy Challenge Fund which is expected to be matched by funding of up to £261 million from industry.