Forecourt Trader - 30 years at the heart of the fuel retailing community

£75m awarded for new vehicle research

20 January, 2016

Five new projects to develop low carbon and energy efficient technology in the automotive sector have been awarded £75m of joint government and industry funding, the business secretary Sajid Javid has announced.

The funding has been awarded by the Advanced Propulsion Centre, a 10-year, £1bn joint partnership between Government and the automotive industry.

The five winning projects are expected to design new products and systems that will change the technology used in the automotive sector, and include companies working on technology from vans to high-end sports cars. The projects who will receive funds are:

• the London Taxi Corporation, for a project expected to deliver a series of light-weight, zero-emission capable, range extended vehicles;

• a £13.1m research project led by Jaguar Land Rover which will build the automotive turbocharger supply-chain in the UK;

• Morgan Motor Company, awarded £6m to develop heavily down-sized, fuel efficient petrol engines coupled with the latest electrification technologies to produce hybrid sports cars and all-electric variants;

• a consortium led by AGM Batteries, awarded £5.4m for a project to develop the next generation of battery packs for high performance, low carbon vehicles;

• a consortium led by engineering firm Parker Hannifin has been awarded a £2.9m grant to reduce the carbon footprint of electric forklift vehicles.

Javid said: “These new projects will cement the UK’s position as a leading global centre for low carbon innovation and manufacturing. Our fast-growing and diverse automotive industry has been especially successful at exporting high-value, high-technology vehicles all over the world, and our focus on next-generation innovation will ensure we can continue this progress and create even more high-skilled jobs.”





  • Weekly
    Retail
  • Weekly
    wholesale
  • Daily
    Average
Weekly retail fuel prices: 10 September 2018
RegionDieselLPGSuper ULUL
East134.6369.90141.35131.64
East Midlands133.97143.95130.99
London134.3864.90142.36131.76
North East133.47143.65130.41
North West134.04140.97130.80
Northern Ireland132.83136.90130.30
Scotland134.18139.12131.04
South East134.8464.90142.44132.11
South West134.4366.90140.71131.59
Wales134.01138.06130.94
West Midlands133.4569.90142.91130.79
Yorkshire & Humber133.2855.20142.31130.51

Most read

Are you concerned about the implications for your business of the Government's recently published 'Road to Zero' strategy?

Calendar

See all events