More than £70m to turbocharge the future of clean transport
A world-first heavy tractor powered by farm waste is just one of the game-changing projects benefitting from £73m in new funding for the development of clean transport technologies announced today (Friday 2 December).
The joint government and industry investment will support projects right across the UK, from Burnaston to Bridgwater, in support of ambitions to build an end-to-end supply chain for zero-emissions vehicles (ZEVs) in the UK.
The five successful projects are set to support 3,300 jobs across the UK, working on new ways to harness renewable fuels, electric motors that are both powerful and highly efficient, and new materials that’ll reduce the auto industry’s carbon footprint.
The funding has been awarded through the Advanced Propulsion Centre (APC) Collaborative Research and Development programme, which supports the development of innovative low and zero-carbon automotive technology, with £36.4m coming from Government. This is backed by a further £36.6m from the automobile industry taking today’s total to £73m.
Business secretary Grant Shapps said: “Our automotive industry is a world-leader, creating jobs whether in Essex, Somerset or Glasgow. Seizing the potential from new technologies will be a key part of its future success, while also making our roads cleaner, greener and more affordable.
“Today’s multi-million-pound boost created by Government working hand-in-hand with industry will put these firms in pole position to pioneer these innovations, staying at the cutting edge of the global race for decades to come.”
Chief Executive at the APC Ian Constance said: “Supporting vital research and development in the UK, now more than ever, provides an opportunity to invest in transport decarbonisation as well as boost growth in the automotive sector.
“The £73m of funding announced today furthers world-leading innovation in net-zero technology for the automotive sector and beyond. These five fantastic projects are all collaborative by design, led by high-profile companies with innovative SME and academic partners, representing the best of UK industry.”
Today’s announcement comes on top of funding also being invested by the government through the Automotive Transformation Fund (ATF) to develop a high-value end-to-end electrified automotive supply chain in the UK.
By Mark Adair – Correspondent, Bdaily
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