Projects valued at £75 million which are funded by government and industry are set to create high-skilled jobs in the auto sector.
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 has announced during a visit to the Morgan Motor Company.
The funding has been awarded by the Advanced Propulsion Centre, a 10-year, £1 billion joint partnership between government and the automotive industry.
The 5 projects are expected to create and protect 851 jobs and save over 4.2 million tonnes of CO2. They build on the 10 low carbon projects already awarded funding by the APC which are forecast to create 4,500 jobs and save 12 million tonnes of CO2.
Business Secretary Sajid Javid said:
“These new projects will cement the UK’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.”