£65m government investment boost for robotics and electric vehicles industries
The government has today unveiled a new multi-million pound investment to develop the UK’s capacity for tech development in a range of fields.
The £65m Industrial Strategy Challenge Fund has been launched to support UK innovation in battery development, robotics and advanced healthcare treatments.
The fund has been extended in bid to help develop solutions to global challenges such as climate change and tackling diseases such as cancer and Alzheimer’s.
Almost £44m will be used to develop the next generation of high-performance batteries for electric vehicles and wind turbines, which could also be used for new technologies such as electric aeroplanes.
£15m will be given to universities, research organisations and businesses to enable them to build robots to inspect, maintain and repair nuclear power stations, satellites and wind turbines.
£6.5m will be allocated to the Advanced Therapy Treatment Centre network to accelerate patient access to advanced therapies through the development of specialised infrastructure for the delivery of these products in the NHS.
Science Minister, Amanda Solloway, commented: “We want to build back better by putting the UK at the forefront of new technologies to create high-skilled jobs, increase productivity and grow the economy as we recover from coronavirus.
“This new funding will strengthen the UK’s global status in a range of areas, including battery technologies for electric vehicles and robotics, helping us develop innovative solutions to some of our biggest global challenges and creating jobs in rewarding careers right across the country.”
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