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Rolls-Royce and Qatar to invest billions in UK green engineering
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The engine maker Rolls-Royce has entered into a long-term partnership with the Gulf state of Qatar to invest billions in green engineering projects to fund entrepreneurs finding new ways to help transition to net zero.
The deal will include the creation of about 1,000 jobs at two campuses – one in northern England and one in Qatar – where climate technology businesses will be created, launched and developed.
It is hoped that a further 10,000 roles will be created at the businesses launched at the campuses and in the wider clean-tech economy.
The goal is for five “unicorn” companies – private firms valued at more than $1bn (£732m) – to be created at the centres by 2030, rising to 20 by 2040, which would in time provide returns to investors.
The
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