The British Government has announced that a £7 million fund was launched on 9 January, 2023. The fund aims to make freight transports across the UK could more efficient and cleaner and will roll out innovative new ideas and technology across the industry.
The freight innovation fund (FIF) will go to up to 36 small and medium-sized enterprises (SMEs). They 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.
By giving innovators the opportunity to test their ideas, the fund aims to help SMEs roll out new technology and ways of working to unlock potentially huge efficiencies and emissions reductions across the sector. This can include how to organise containers better so they can be more easily broken up for the final part of their journey or how to improve links between rail, maritime and road transport.
“Our freight industry is vital to underpinning the economy and keeps Britain moving, so it is crucial we invest in new innovations to make it greener and quicker. 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.”
Richard Holden, Roads Minister UK Government.
