UK announces £448m public funding to decarbonise shipping

The UK government announces £448 million of public investment for the UKSHORE programme and unveils £700 million of private sector investment—over £1.1 billion total—to cut carbon emissions from shipping, announced at London International Shipping Week (LISW) on 15 September 2025.

• Main announcement and allocation: £448 million public investment for the UKSHORE programme plus £700 million private investment (total over £1.1 billion). Funding supports R&D and deployment of clean maritime technologies and fuels including electric, hydrogen, ammonia, methanol, and wind power; specific prior project examples include £3.6 million UKSHORE funding to Cammell Laird (matched by £3.6 million private), ~£6 million to Aqua Superpower for chargepoint networks, and £3.3 million to Smart Green Shipping for FastRig wingsails. New funding will be allocated to projects in due course.
• Background, complementary investments and event details: Major port and private investments announced alongside government funding: Peel Ports £300 million, NatPower Marine £250 million (programme over next 5 years), Port of Tyne £150 million. The government will complete a revised national policy statement covering England and Milford Haven in Wales to streamline port planning. LISW details:
  • Date: 15–19 September 2025
  • Location / launch: London (week launched 15 Sept 2025; Local Transport Minister to ring the bell at the London Stock Exchange)
  • Agenda: industry-government meetings to drive investment, skills, innovation, launch of the UK cruise growth plan, and site visits (Maritime Minister visiting Cammell Laird dry dock on 15 Sept 2025).