UK low-carbon vehicle research fills up with £16.5 million fund

Posted at November 6, 2012 » By : » Categories : News » Comments Off on UK low-carbon vehicle research fills up with £16.5 million fund

UK Business Secretary Vince Cable yesterday announced new government funding of up to £16.5 million for research and development into low-carbon vehicle technology.

The Technology Challenges in Low Carbon Vehicles funding competition will be open to UK businesses undertaking collaborative research and development into technologies that will make significant cuts to CO2 emissions from road transport.

The government indicates that it particularly wants to support projects that build on the UK’s existing capabilities or that take on higher risk technology challenges with the potential for a higher return on investment.

“Supporting the development of new technologies is vital to ensure this country remains such an attractive location for investment by global vehicle manufacturers and suppliers,” commented Cable during a visit to the MIRA Technology Park in Nuneaton, Warwickshire.

Transport Minister, Norman Baker adds that the initiative will strengthen the UK’s position at the cutting edge of low carbon vehicle technology, creating new jobs and investment opportunities.

The competition, which has been developed in conjunction with the UK Automotive Council, will open early next year (February 18) under the management of the Technology Strategy Board in partnership with the Office for Low Emission Vehicles (OLEV) and the Engineering and Physical Sciences Research Council (EPSRC).

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Related stories:
UK government incentives for electric vehicles not working (21-Sept)
UK low emission vehicle sales start to accelerate (14-Sept)
UK government kick starts £13 million electric vehicle battery RD centre (6-Sept)

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