Image: Grant Shapps / Twitter

Energy-intensive industries are set to benefit from new government funding.

Speaking at the COP27 negotiations in Egypt, the UK Business Secretary announced a £65 million investment to help accelerate the development of new green technologies.

Business Secretary Grant Shapps said: “Green means growth, and with our existing talents in clean technologies, UK businesses could be world leaders in an industry that will only expand, creating jobs for generations to come while also protecting our precious planet.

“At COP27 we are leading international efforts to ensure these new innovations can be more accessible and affordable to heavy, energy-intensive industries in some of the world’s poorest countries.”