UK Government Announces £470 Million Support for Automotive Industry
The UK government, through the Advanced Propulsion Centre (APC), has announced a £470 million support package for the automotive industry under the DRIVE35 programme. This initiative aims to accelerate the development of zero-emission vehicles and strengthen the UK's position in the global automotive market. The package includes substantial government support for Agratas, part of the Tata Group, to advance high-performance battery solutions. The funding is part of the Department for Business and Trade's Automotive Transformation Fund, designed to support innovation, scale-up, and industrial transformation. The programme also includes grants for various projects to boost domestic manufacturing and strengthen supply chains.