The UK government, through the National Wealth Fund, is investing £28.6 million in the Peak Cluster carbon capture project located in the Peak District. This investment is matched by £31 million from private businesses, bringing total funding to approximately £59.6 million. The project aims to reduce emissions from the cement industry and support the development of greener factories in the North and Midlands regions. It is expected to create up to 3,500 jobs, boosting local employment. Additionally, the initiative will reduce heavy truck traffic by an estimated 840 lorries annually in nearby villages, contributing to environmental and community benefits.