🕒 Article read time: 2 minutes
Logistics UK urges members to apply for funding from DfT’s new £7m tech fund
Logistics UK is urging its members to apply to a £7m Freight Innovation Fund (FIF), launched by the Department for Transport earlier this week (9 January 2022) to help the transition to net zero.
Designed to help small to medium-sized enterprises (SMEs) to develop greener and more efficient solutions for freight, the FIF aims to help scale up and roll out innovative tech across the industry.
The funds in the FIF will be allocated to 36 SMEs, which will then work with industry-leading companies to develop innovations to make freight more efficient, resilient and greener, such as ways to improve how freight moves between rail, road and maritime transport.
The success of the FIF will be evaluated against the five priorities set out in the vision of the Future of Freight plan: for a freight and logistics sector that is cost-efficient, reliable, resilient, environmentally sustainable, and valued by society.
Roads Minister Richard Holden said: “This fund will accelerate new ideas and technologies, helping to develop a future pipeline of innovations that can be rolled out to create jobs and allow everyone to get their goods faster and easier.”
Kate Jennings, Policy Director, Logistics UK, said: “Logistics businesses are innovating to drive down emissions while ensuring the availability of the products households, businesses and public services rely on every day. Achievement of the UK’s net zero target is a challenge our members are committed to, but this will require continued partnership between the government and industry to achieve. This innovation fund will be a welcome route for our member organisations to develop and access the technologies needed for goods to be moved in an increasingly green and cost-efficient way.”
*www.logistics.org.uk/environment
Published On: 12/01/2023 16:00:27
Comments Section
If you are a Logistics UK member login to add comments.
