UK injects $2.25 mn to decarbonise freight operations

Designed particularly to empower small and medium-sized enterprises (SMEs), the fund offers up to £1.8 million in government support to fuel the adoption of cutting-edge AI technology and automation within the freight industry. These innovations are set to enhance the efficiency and sustainability of freight transportation via trains, lorries, vans, and ships, thus fortifying the UK’s supply chain network, the UK government said in a press release.

Over the past two years, the fund has allocated nearly £3 million (~$3.75 million) to various SMEs, fostering collaborations with leading industry players to drive innovation in British supply chains. Notable success stories include Royal Mail’s pioneering drone delivery service in the Orkney Islands, a UK-first initiative facilitated by the Freight Innovation Fund. This innovative approach has enabled Royal Mail to expedite deliveries by up to 24 hours compared to traditional methods, marking a significant milestone in the evolution of freight logistics.

Moreover, the fund has supported ventures like FedEx’s trial of eCargo bikes for swift parcel deliveries in congested urban areas, contributing to the reduction of carbon emissions from transportation activities.

Reflecting on the impact of the initiative, Opperman emphasised the pivotal role of the freight and logistics sectors in sustaining the nation’s economy, underlining the government's commitment to fostering innovation and employment within these industries.

The Freight Innovation Fund Year 3 builds upon the success of previous initiatives and forms a vital component of the government’s comprehensive Future of Freight plan. This holistic approach aims to revolutionise freight transportation across various modes of transit, including roads, railways, seas, skies, and canals, in alignment with sustainability goals.

In addition to financial support, the initiative offers technical and business assistance to participating SMEs through Connected Places Catapult. This collaborative effort seeks to unlock new opportunities for enhancing efficiency and environmental performance within the freight sector.

Complementing the fund’s objectives, joint government and industry investment totalling £31 million (~$38.78 million) has been allocated to improve truckstops and working conditions for lorry drivers. This initiative aims to enhance parking facilities, welfare amenities, and rest areas, thereby bolstering the resilience and efficiency of the UK’s haulage and freight infrastructure.

Fibre2Fashion News Desk (KD)