For the first time, the UK government is funding the development of new clean maritime technology across a 2-year period. Companies in 12 regions around the UK will benefit from the cash, generating highly skilled jobs across the nation and positioning the UK as a world leader in green solutions.
The funding comes from the third round of the government’s Clean Maritime Demonstration Competition (CMDC3), which focuses on developing a range of clean maritime technologies including hydrogen, ammonia, electric and wind power.
During the 2-year investment period, successful companies will be required to demonstrate that their projects will work in the real world, helping them to progress towards becoming an everyday reality.
Transport Secretary Mark Harper said:
“Our maritime sector imports 95% of goods into the UK and contributes £116 billion to our economy – more than both aviation and rail combined.”
“With growing the economy one of the government’s top priorities, we must continue our efforts to ensure the UK remains a pioneer in cutting-edge clean maritime solutions. “
“The funding we’re awarding today will help to do just that, bringing emission-free concepts to life and fuelling innovation.”