Automotive Transformation Fund

Department for Business and Trade written question – answered at on 18 April 2024.

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Photo of Bill Esterson Bill Esterson Shadow Minister (Transport)

To ask the Secretary of State for Business and Trade, if he will extend the Automotive Transformation Fund (a) into and (b) beyond the 2025-26 financial year; and whether any contracts with suppliers to deliver the Automotive Transformation Fund extend (i) into and (ii) beyond the 2025-26 financial year.

Photo of Alan Mak Alan Mak Minister of State (Department for Business and Trade) (jointly with the Cabinet Office)

As part of the Advanced Manufacturing Plan, we have announced over £2bn of capital and R&D funding over five years to 2030, boosting the UK’s competitiveness and unlocking strategic investments in our automotive industry.

This funding will be delivered via Auto2030, an ambitious programme building on the work of the Automotive Transformation Fund and the Advanced Propulsion Centre R&D programmes, ensuring continuity in HMG support.

This programme will leverage the UK’s unique innovation ecosystem, building on its strengths as a global centre of automotive R&D. Details of funding opportunities under Auto2030, including delivery mechanisms, will be set out in due course.

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