Feb 23

Green maritime technologies to become reality thanks to £60m boost

The UK’s race to decarbonise the maritime sector has been given another vital boost; companies in the UK will benefit from £60 million in funding to incentivise the development of clean maritime technologies.

This funding comes from the wider £206 million UK Shipping Office for Reducing Emissions (UK SHORE) scheme, announced in March 2022. 

Last week the Government launched the Zero Emission Vessels and Infrastructure competition to support projects in the latter stages of development, and the Clean Maritime Research Hub, aimed at the early science and research behind green technology.

The 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."

Our CEO, Sarah Treseder, also reacted to the news and said:

"Congratulations to all the successful bids, which cover a wide range of technologies and aspects of shipping.

"The UK Chamber of Shipping is committed to net zero by 2050. This funding is an important milestone in ensuring we continue to work together to achieve this important target and will help us complete the journey from theory to reality for zero emission shipping".

To learn more about this funding please visit the Gov.uk website.