Britain’s automotive sector is set to benefit from nearly £130 million of investment to ramp up cutting-edge new zero-emission vehicle technologies and support skilled jobs nationwide as the government focuses on delivering good growth in every postcode.
Delivered through the UK’s Modern Industrial Strategy, the funding will support over 1,800 jobs - and thousands more in the supply chain - across the UK, helping to put more money in people’s pockets and ensure Britain is better off, News Cover reports, citing the UK government's official website.
Auto firms and key R&D partners have been awarded nearly £50 million in government funding that will help businesses build and produce the zero-emission vehicle technologies of the future at scale - helping to drive economic growth while simultaneously making EVs cheaper for consumers.
This latest funding is delivered through the DRIVE35 programme - the biggest government investment into the UK’s car industry of the post-war era, with £4 billion to 2035 speeding up the electrification of the automotive industry. This builds on the Government’s mission to reindustrialise every part of the UK, back British innovation and ensure companies are able to succeed and scale here at home.
