To ask the Secretary of State for Business and Trade, if he will make an assessment of the potential impact of the Automotive Transformation Fund on the competitiveness of electric vehicle manufacturing.
Answered on
24 May 2023
The impact of the Automotive Transformation Fund (ATF) will be assessed at intervals over the next five years, with baselining work already underway.
Funding from the ATF has already helped secure key investments including £380m in the production of electric drive units at Ford Halewood, a £60 million investment by Johnson Matthey in Hertfordshire to develop hydrogen technologies, and the £1bn electric vehicle hub in Sunderland in partnership between Nissan and Envision AESC.
Answered by
Department for Business and Trade