Government launches a new £7 million freight tech fund

Published by Rachel Emmerson on 18 January 2023

Share this article

The Government has announced details of a new fund – The Freight Innovation Fund (FIF) which will be available to up to 36 small and medium-sized businesses working to make freight more efficient, resilient and greener, including ways to move freight between rail, road and maritime transport.

The government aims to better understand freight movement and its value to the overall UK economy and the fund will accelerate and help SMEs with the development and roll out of new technologies with the potential for significant efficiencies and emissions reductions.

Some of the issues the freight sector faces include a lack of cross industry data collection or sharing between the different types of freight transportation. Secondly, there is no model to demonstrate how larger consignments could be broken up and spread between road and rail to reduce emissions and traffic. Also, there could be significant improvements made at freight distribution ports which could provide greater time efficiencies and predictability to the final destination.

The FIF aims to build on previous initiatives and technologies developed to help the industry, which transports 1.6 billion tonnes of freight across a number of types of transport.

Applications are open until 5th February 2023 and up to £150,000 could be accessed to trial solutions. Organisations are being encouraged to apply in partnership with organisations who they are already in discussion with to support the trials. Further details can be found here.

If you would like to discuss your business contact our team today.

Share this article

Email Rachel

    • yes I have read the privacy notice and am happy for Kreston Reeves to use my information






    Related people

    Email Caitlin

      • yes I have read the privacy notice and am happy for Kreston Reeves to use my information






      Email Andrew

        • yes I have read the privacy notice and am happy for Kreston Reeves to use my information






        View teamSubscribe

        Close Expand

        Subscribe to our newsletters

        Our complimentary newsletters and event invitations are designed to provide you with regular updates, insight and guidance.

          • Business, finance and tax issuesPersonal finance, tax, legal and wealth management issuesInternational business issuesCharity and not-for-profit issues

          • Academies and educationAgricultureFinancial servicesLife sciencesManufacturingProfessional practicesProperty and constructionTechnology

          • yes I agree I have read and accept the privacy policy and am happy for Kreston Reeves email communications I have selected above






          You can unsubscribe from our email communications at any time by emailing [email protected] or by clicking the 'unsubscribe' link found on all our email newsletters and event invitations.