£89 million of funding to develop cutting edge new electric vehicle technology
£89 million of funding has been awarded to 20 cutting edge net zero tech projects, reinforcing the UK as a world leader in zero emissions vehicle technology.
£89 million of funding has been awarded to 20 cutting edge net zero tech projects, reinforcing the UK as a world leader in zero emissions vehicle technology.
£89 million of funding has been awarded to 20 cutting edge net zero tech projects including hydrogen-powered offroad vehicles, a new lithium scale-up plant and revolutionary new EV battery systems, reinforcing the UK as a world leader in zero emissions vehicle technology.
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.
From luxury cars to workhorse excavators, the latest in collaborative R&D support via the APC – worth over £67 million – will accelerate the development of zero emission technology in the UK, safeguarding and creating jobs and supporting investment in cutting edge R&D.
Winners of the latest collaborative R&D competition funding include Aston Martin, who are accelerating the development of a luxury battery electric vehicle platform and Perkins, who will develop a net-zero, hydrogen-hybrid integrated power system for offroad vehicles.
The projects are estimated to create or safeguard more than 4,700 jobs in total and save nearly 65 million tonnes of CO2 being emitted over the next decade as a result of the work undertaken by these four R&D projects alone.
£11.3 million has also been awarded to 12 UK-based projects funded through the second instalment of the SuRV (Scale-up Readiness Validation) competition and the fourth round of the APC’s Automotive Transformation Fund (ATF) feasibility studies competition.
The ATF’s Scale-up Readiness Validation (SuRV) projects will support scale-up projects to assess if businesses in the UK automotive supply chain are ready for growth and expansion.
Projects include Green Lithium who plan to build a lithium scale-up plant in Teesside, and Ilika Technologies who are working to accelerate the scale-up of Ilika’s solid state battery technology.
The ATF Feasibility Studies will produce decision-ready business cases, in preparation for projects which will develop large-scale manufacturing facilities in the UK.
The seven projects include Cornish Lithium, who are establishing a graphite processing plant in the UK to produce anode material for EV batteries, and Aberdeen Minerals Limited for the study of innovative mineral processing routes.
The support delivered through the APC is unlocking further private investment and supports the government’s ambitions to build an end-to-end supply chain for zero-emissions vehicles in the UK.
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