The Department for Transport (DfT) has announced the allocation of £53m for nine SAF projects under the latest round of the Advanced Fuel Fund (AFF).
According to the UK Government, the winning projects from the fund will assist in creating up to 10,000 green jobs by 2035 and boost the economy by roughly £1.8bn per year.
The fund will add to the total AFF pot of £135m, which in turn will help companies convert their waste materials into sustainable fuel. The winning projects vary in terms of the utilisation of forest waste and power-to-liquid transformations.
Transport secretary Mark Harper highlighted the vast impact of the SAF industry.
Harper said: “The investment we’re announcing today demonstrates our confidence in the UK’s SAF industry, creating jobs, encouraging overseas investment and levelling up communities across the whole country.
“Thanks to this government’s backing, the UK is quickly becoming a SAF superpower, ensuring people can continue to travel how they want in a way that’s fit for the future.”
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The investment is part of the government’s strategy to meet net zero objectives and make low-carbon aviation achievable.
According to the DfT, the AFF is assisting in meeting the impending SAF mandate that requires at least 10% of jet fuel to originate from sustainable feedstocks by 2030.
This announcement follows previous ventures by the UK Government which includes its latest programme featuring net zero funding for aviation SMEs.