In the UK, the aviation industry is set for a major boost as £43 million for green projects was announced recently by the government, supporting jobs and unlocking new investment. The major investment comes as the Government drives forward plans for expansion at Heathrow, Gatwick and Luton airports and the Transport Secretary recently chaired a meeting with prominent airlines, airports, innovators and engineering firms to discuss how cutting-edge technology will decarbonise the sector while delivering growth.
With the production of low-carbon fuels alone expected to add up to £5 billion to the economy by 2050, the funding will drive millions of pounds of private investment into the aviation sector, supporting skilled jobs in technology development and scientific research and funding projects to slash emissions from aviation.
Businesses, researchers and universities across the UK will be invited to bid for their share of the £43 million, with competitions launching from February to allocate the funding. The funding will go towards research and development projects that help to deliver net zero aviation by 2050.
The Civil Aviation Authority will develop regulations required for the widespread use of hydrogen fuel through this investment – including support for pioneering companies and universities that are preparing for new zero carbon technology.
