Updated Jun 29, 2020

Government announces new fund to help cut emissions

A new £80 million fund has been announced by the Government to help cut emissions from homes and energy intensive businesses. It will allow appropriate businesses to apply for grants to install technology that will help them cut carbon emissions and reduce their energy bills.

The fund includes £30 million aimed at manufacturers from car factories to steel plants to help them invest in green technologies to lower their carbon emissions.

£25 million will be spent on heat networks to help cut carbon and heating bills for residential customers. One such project in Gateshead will use geothermal water from disused mines to heat 1,250 homes.

There will also be £24 million spent on a retrofit scheme that will install green technology and insulation in houses to help them to become more energy efficient.

Energy Minister Kwasi Kwarteng, commented: ''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.''