Net Zero Innovation Portfolio and the Advanced Nuclear Fund Final report 2021‑25

Summary

The UK faces the challenge of climate change, requiring accelerated commercialization and deployment of clean energy technologies to achieve its net zero target, especially given that many necessary technologies are not yet commercially available. The Net Zero Innovation Portfolio (NZIP) and Advanced Nuclear Fund (ANF), a £1.3 billion government investment from 2021-2025, supported over 600 innovative projects across 10 thematic areas to stimulate private sector investment and accelerate the readiness of low-carbon technologies. This final report for 2021-2025 indicates the program is largely completed, having supported 615 projects, created over 7,500 jobs, and generated £917 million in additional investment, significantly advancing technology readiness levels and patent applications.

Key Facts

Source Document

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