Automotive Transformation Fund

(asked on 13th September 2023) - View Source

Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, how much funding from the Automotive Transformation Fund she plans to allocate to (a) existing legacy car and van manufacturers and (b) new entrants to the market.


Answered by
Nusrat Ghani Portrait
Nusrat Ghani
Minister of State (Minister for Europe)
This question was answered on 22nd September 2023

The Automotive Transformation Fund offers funding for capital and associated industrial research projects that support the industrialisation of a high value, electrified automotive supply at scale in the UK. We continue to work with industry to unlock private investment in our EV supply chain via the ATF. This includes unlocking strategic investments in gigafactories, motors and drives, power electronics, and fuel cell systems.

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