Business Secretary Sajid Javid visits Morgan Motor Company which will develop high-performance, low carbon, hybrid and electric sports car powertrains.
Projects valued at £75 million funded by government and industry set to create high-skilled jobs.
Five new innovative projects to develop new low carbon and energy efficient technology in the automotive sector have been awarded £75 million of joint government and industry funding to boost jobs and growth in the sector, Business Secretary Sajid Javid announced today (15 January 2016) on a visit to the Morgan Motor Company.
The 5 winning projects are expected to design new products and systems that will change technology used in the automotive sector from vans to high-end sports cars. They are:
- The London Taxi Corporation is embarking on a project to deliver a series of light-weight, zero-emission capable, range extended vehicles in a £46.5 million project
- Morgan Motor Company has been awarded a £6 million grant to develop heavily down-sized, fuel efficient petrol engines coupled with the latest electrification technologies to produce hybrid sports cars and all-electric variants
- a consortium led by AGM Batteries has been awarded £5.4 million for a project to develop the next generation of battery packs for high performance, low carbon vehicles
- a consortium led by engineering firm Parker Hannifin has been awarded a £2.9 million grant to reduce the carbon footprint of electric forklift vehicles
- an innovative research project of £13.1 million led by Jaguar Land Rover which will build up the automotive turbocharger supply-chain in the
The funding has been awarded by the Advanced Propulsion Centre, a 10-year, £1 billion joint partnership between government and the automotive industry.
Business Secretary Sajid Javid said:
These new projects will cement the 's position as a leading global centre for low carbon innovation and manufacturing.
Our fast-growing and diverse automotive industry has been especially successful at exporting high-value, high-technology vehicles all over the world, and our focus on next-generation innovation will ensure we can continue this progress and create even more high-skilled jobs.
The 5 projects are expected to create and protect 851 jobs and save over 4.2 million tonnes of . They build on the 10 low carbon projects already awarded funding by the which are forecast to create 4,500 jobs and save 12 million tonnes of .
Director for Technology and Projects, Jon Beasley said:
The announcement of the fourth round competition winners demonstrates the government's on-going commitment to supporting the 's low carbon advanced propulsion system innovation ecosystem. Co-investment in technological developments to be delivered by industry-led consortia, range from high risk incremental growth programmes to innovative cutting edge , showing the is committed to establishing itself as a global centre for the promotion and development of low carbon propulsion systems.
Between 2015 and 2020, the government has committed to spending more than £600 million to support the uptake and manufacturing of ultra-low emission vehicles () in the . This will ensure all cars and vans on our roads will be effectively zero-emission by 2050.
Notes to editors
- The 5 projects have been awarded £30.6 million of government investment through the Advanced Propulsion Centre (), alongside £43.3 million from industry.
- The was set up at the end of 2013 as a 10-year £1 billion partnership between industry and government to build industrial capability through the research, development and industrialisation of low carbon propulsion technologies.
- In the 2015 Spending Review, the government allocated an extra £225 million funding for automotive beyond 2023.
- So far the has helped secure or create 4,800 jobs and saved 12 million tonnes of by investment in low carbon automotive technology.
- Over its 10-year lifetime, the is expected to secure over 30,000 jobs.
- The invests in promising products, processes and people and encourages collaboration between vehicle manufacturers, its suppliers, and the research base - 54 organisations have benefited through grant funding of £174 million to date.
- Specific examples of the 's work so far include bringing fuel cells to van fleets, creating the next generation of electric and hybrid buses, and developing high-efficiency transmissions.
- matches private and public investment to safeguard and create jobs and drive economic activity as well as improving environmental performance of vehicles.
BIS - UK Department for Business Innovations & Skills issued this content on 2016-01-15 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2016-01-15 13:27:18 UTC
Original Document: https://www.gov.uk/government/news/low-carbon-technology-in-the-auto-sector-receives-75-million-funding