New Delhi, Feb.1 (ANI): The British Government is backing the UK automotive industry to lead the way in new low carbon and energy efficient technology, announcing a boost to its biggest innovation fund of all time.
The one billion pound Advanced Propulsion Centre (APC) fund, announced in 2014, is the single largest investment ever made by the UK into reducing carbon emission in the automotive industry and will be charged-up with a new £70 million injection to support low carbon propulsion research and development projects that can deliver significant reductions in harmful vehicle emissions, particularly CO2.
The joint funds are the result of a partnership between Government and the automotive industry intended to cement the UK’s position as a leading global centre for low carbon innovation and manufacturing.
Speaking ahead of Auto Expo in New Delhi, Acting Chief Executive Officer of the UK’s Automotive Investment Organisation (AIO), Lawrence Davies, said the two funds have already had great success, attracting attention from many international companies, including India-based automotive companies, looking to partner and expand into the UK.
“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.
“But we know we can’t do it alone which is why we are calling on all leading innovators across India and beyond, to join us to uncover the next big thing in low carbon technology,” he said.
In fact, Jaguar Land Rover was recently awarded a £13.1 million grant to research advanced combustion and leading edge boosting systems, making this Indian-owned company the recipient of one of the fund’s biggest awards.
The Advanced Propulsion Centre fund demonstrates the UK’s steadfast commitment to back bright ideas and get those ideas out of the laboratory and into cars, said Mr. Davies.
“The UK is the biggest manufacturer of electric vehicles in Europe. In fact, roughly one in four electric cars driven in Europe are made in the UK. The UK’s automotive sector is a true hive of innovation, expertise, technology, brands and opportunity. We have a desire to make more so we can sell more, and we’re inviting Indian companies to join us on the journey.” (ANI)