£80m bill saving and emissions cut fund announced: An £80 million fund to cut emissions from home and energy-intensive businesses has been launched by the UK Government.
The money is being invested to shrink the carbon footprint and includes an investment of £30 million in manufacturers, such as steel plants and car factories.
This fund is for businesses with high energy who can apply for grants to install technology which cuts carbon emissions and reduces their energy bills.
Heat networks will also benefit from £25 million of governmental funds, which cut heating bills for customers and slash carbon, including one in Gateshead to heat 1,250 homes, which will harness geothermal water from disused mines.
Additionally, £24 million will be allocated to a retrofit scheme, which will develop energy-efficient homes by installing green tech and insulation in houses.
Cornwall, Nottingham, and Sutton will benefit from the retrofit pilot programme initially, while 750 homes in the South East of England, the South East of Scotland and Newcastle will trial innovative heat pumps.
Kwasi Kwarteng the energy Minister said: “We want to invest now to ensure we continue to propel the UK towards a stronger, greener future.
“This new £80 million investment will help to reduce emissions across our economy, which will save people money on energy bills and protect jobs in heavy industry.”
£80m bill saving and emissions cut fund announced