The multimillion pound investment will be given to innovators, businesses and academics across the UK with the aim of accelerating the delivery of technologies needed to support the UK’s climate change ambitions.

Around £86m of the total funding package comes from the government’s £1bn net zero innovation portfolio. The government expects the funding injection to create over 60,000 jobs in the green sector.

In the announcements, £37.5m will be given to fund the largest government programme of greenhouse gas removal methods with 24 projects across the UK receiving up to £250,000 to fund designs and develop new ways of removing greenhouse gases from the atmosphere and storing them safely.