£89 million funding awarded to help UK lead in net zero tech - CILT(UK)
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£89 million funding awarded to help UK lead in net zero tech

11 October 2023/Categories: CILT, Industry News, Logistics & Supply Chain, Net-Zero


To support the UK in becoming being a world leader in zero emission vehicle technology, £89 million of funding has been jointly awarded by the Government and industry.

Hydrogen-powered offroad vehicles, a new lithium scale-up plant and revolutionary new EV battery systems are part of 20 net zero tech projects that this funding has been awarded to.

The landmark funding package includes four collaborative R&D projects, five scale-up projects to assess if businesses in the automotive sector are ready for growth, and seven feasibility studies to prepare projects to develop large-scale manufacturing facilities in the UK.

The funding has been awarded through the Advanced Propulsion Centre UK (APC), in support of ambitions to build an end-to-end supply chain for zero emission vehicles (ZEVs) in the UK. £45.2 million of this investment comes from Government, backed by a further £42.7 million from the automotive industry.

Minister for Industry and Economic Security Nusrat Ghani said: “Together with industry, we’re providing a huge £89 million of funding to drive 20 groundbreaking net zero tech projects which will help grow the economy and create UK jobs in the industries of the future.

“From net zero tractors to cutting-edge battery projects, we’re taking decisive action to back the UK’s innovators and ensure we remain at the forefront of zero emission vehicle technology.”

APC Chief Executive Ian Constance said: “This latest round of funding coincides with the APC’s 10th anniversary. We have seen over £1.4 billion of investment into automotive projects since the APC was set up, and I am proud of the impact that we have made here in the UK.

“This latest announcement includes a diverse set of OEMs and suppliers that demonstrate the strength of UK automotive. They will further add to our portfolio of innovative projects and continue to drive the UK to deliver on its net zero ambition.”

 

Image Credit: GOV.UK 

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