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For further details see our joint press release.
The Technology Strategy Board (TSB) and the Department for Business Innovation (BIS) have jointly agreed to invest £10 million in grants to sixteen collaborative research and development projects that focus on achieving significant cuts in CO2 emissions for vehicle-centric technologies in low carbon vehicles.
TSB say that part of the grant will go towards developing lightweight composite designs. Announcing the grant funding award, Minister for Business and Enterprise Mark Prisk said “This new government investment is part of our strategy to put the UK at the forefront of low carbon vehicle technology and is another step for the UK towards a low carbon economy. Developing such highly innovative strategic technologies is vital if we are to mass produce low carbon vehicles in the UK and make this country a more attractive location for sustained investment by global vehicle manufacturers and suppliers.”
Iain Gray, Chief Executive of the Technology Strategy Board, added “Through our low carbon vehicle Integrated Delivery Program we aim to integrate the low carbon vehicle innovation chain in the UK from the science base through collaborative R&D to fleet-level demonstration. By investing in such cutting-edge development, we are driving forward low carbon vehicle innovation in a range of strategically important areas for the UK.”
TSB explain that the consortia developing the technologies will be lead by Advanced Composites Group, Amberjac Projects, Ashwoods Automotive, Axon Automotive, Bladon Jets, Cobham CTS, Drive System Design, Econolyst, Jaguar Cars, Leyland Trucks, Magnomatics, Morgan Motor Company, Prodrive, Sevcon, T&L Process Technology and The Manufacturing Technology Centre.
TSB say they have allocated £8 million from its budget to co-fund the R&D projects and, after receiving so many top-quality applications, BIS agreed to provide additional government support of £2 million, bringing total government investment to £10 million. Including contributions from the participating companies, the total value of the research and development projects is over £19 million.
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