The UK’s new £1bn automotive research centre has launched its first funding competition for developers of low-carbon vehicle technology.
Up to £75mn is being made available by the new Advanced Propulsion Centre (APC), which is co-funded by government and industry and designed to research, develop and commercialise new automotive technologies to grow the UK supply chain.
‘By 2050, very few – if any – new cars will be powered solely by the traditional internal combustion engines so it is important that the UK car industry is at the cutting edge of low carbon technologies,’ said business secretary Vince Cable in a statement.
‘The Advanced Propulsion Centre, launched as part of our Industrial Strategy, will help to position the UK as a leading innovator while also securing jobs and strengthening supply chains.’
The first tranche of funds is offered to companies across the supply chain who want to develop technologies focused on significantly reducing vehicle CO2 emissions compared to the current best-in-class systems.
A location for the APC building has yet to be announced and the first competition is being run by the Technology Strategy Board, which funded an initial £10m scheme to help companies access the APC when it was launched earlier this year.
TSB chief executive Iain Gray said: ‘To maintain our leading role in low carbon powertrain development, we need to promote further innovation across the supply chain. This competition will help us do just that.”