Britain’s automotive industry is to receive a £73.5m Government investment designed to help develop green technologies.
Ten projects across the UK will share the investment to develop technology for the next generation of electric taxis, cars and vans. The projects include recyclable batteries, advanced electrical systems and ultra-lightweight components.
The government said the funding would contribute to the automotive sector’s recovery from the coronavirus pandemic by safeguarding more than 14,000 UK research and manufacturing jobs.
Business Minister Nadhim Zahawi announced the 10 projects at the Society of Motor Manufacturers and Traders (SMMT) virtual International Automotive Summit.
“Whether it’s researching future battery design or creating a lightweight version of the Ford Transit, companies in every part of the United Kingdom are leading the world in advanced automotive technology,” he said. “Not only will this funding ensure automotive companies can play their part in keeping us on the path to net zero emissions by 2050, it will also support thousands of jobs and be a welcome step towards the industry’s economic recovery.”
Companies set to benefit include Ford Technologies, BMW Motorsport, Jaguar Land Rover and the London Electric Vehicle Company, manufacturer of electric taxis. The move towards electric transport will be vital in helping the UK meet its target of net zero carbon emissions by 2050, while growing the economy and creating jobs in greener industries.
The successful projects were chosen by the Advanced Propulsion Centre (APC), which seeks to maintain the UK’s position as a centre of excellence for the research and development of low carbon vehicle technology.
Jon Beasley, Director of Technology & Projects at the APC, said: “It’s an exciting time for the UK automotive industry – we are on the precipice of an innovation landslide. The technology we invest in now is set to make an impact on the next generation of vehicles.”
The successful projects are:
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