We want the UK to be the best place to start and grow a business and to be a world leader in the way people, goods, and services move. As part of our planning for the future UK economy, we will be policies that will move us towards a stronger, fairer, greener economy that builds on UK strengths, such as science and entrepreneurship.
We have invested £350 million in the seven High Value Manufacturing Catapult centres across the UK, which are supporting manufacturers to bring new technologies to market, and we will be investing an additional £600 million by the end of 2023.
As part of the Future of Transport Grand Challenge, we are working with the Department for Transport to ensure firms, including e-bike manufacturers, have access to the right supply of talented labour and the right business support, including access to finance. The Department for Transport is also working to create a flexible regulatory framework for micromobility vehicles and, through funding to support the uptake of e-bikes and e-cargo bikes, is helping us to create domestic demand, which is essential to growing the UK e-bike manufacturing base.