The Government has announced nearly £500m of support through the Automotive Transformation Fund to drive the electrification of the UK automotive sector. This is part of the up to £1 billion that this Government previously committed to these efforts. The application process is managed by the Advanced Propulsion Centre on behalf of BEIS and funding will be allocated on a competitive basis, dependent on a full assessment of the relative value for money of any request received.
There are a range of factors that will influence the location of any UK Gigafactory investment, and the final location decision will be a commercial matter. There are several locations across the UK including in the West Midlands that may meet the requirements of investors, and the Government is working closely with local government and business to help inform their selection process.