The government announced £448 million at the start of London International Shipping Week to slash emissions from shipping. 

In total Coastal communities across the UK are set to benefit from over £1.1 billion in joint government and industry investment for the maritime sector, which will unlock growth and jobs, including in the engineering, green technology and construction sectors.

The funding announcement includes £700 million of private investment for major UK ports and leading industry players, as well as £449 million of public investment to reduce emissions from UK shipping. 

The almost half a billion pounds will bolster the government's UK SHORE programme, which supports the research and development of new clean maritime technologies and fuels, including electric, hydrogen, ammonia, methanol, wind power and more. 

UK SHORE funding has already delivered £240 million to over 200 projects across the country, some of which are now in active use and have supported 750 jobs so far.

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