New boost for UK ambition to lead the world in zero emissions vehicles
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New investment to develop ‘cutting-edge’ electric vehicle batteries
Coventry based UK Battery Industrialisation Centre will be a new
national centre of excellence creating high skilled jobs and
attracting inward investment Comes as the West Midlands Local
Industrial Strategy is launched to drive growth and create
opportunities across the region - the first in the country
Coventry will be home to a new national centre of...Request free trial
Coventry will be home to a new national centre of excellence in developing the latest electric car battery technology, backed by millions of pounds in Government investment. Business Secretary Greg Clark will today [16 May] announce a new £28 million investment in the UK Battery Industrialisation Centre, providing a stepping stone for our ambition for a Gigafactory in the UK – a large-scale battery technology factory for electric vehicles. The investment, through our modern Industrial Strategy’s Challenge Fund, comes on top of £80 million initial investment in the centre, which will provide world-leading testing facilities for new battery technologies. This investment will also provide practical training to upskill people in battery manufacturing. The Business Secretary will make the announcement on a tour of the UKBIC site to mark new funding alongside West Midlands Mayor Andy Street, as they also unveil the new Local Industrial Strategy for the West Midlands – the first in the country. The Local Industrial Strategy sets out a long-term vision for the region to increase productivity – including how the West Midlands can harness the next developments in automotive technologies, such as electric vehicles and driverless cars. Andy Street, the Mayor of the West Midlands, said: “For Coventry to boast the UK’s Battery Industrialisation Centre is a major coup for the city and the wider West Midlands. “This £108 million facility will give the city and the region a huge boost in the race to lead in the world in the production of electric vehicles and I am delighted the government is supporting this. “Not only will the centre create jobs and further strengthen the manufacturing industry in the West Midlands, but it will also help to provide a solution for the world to tackle issues such as congestion and air pollution.” Jeff Pratt, Managing Director of UK Battery Industrialisation Centre, said: “It is fantastic to see construction starting on UKBIC and we are looking forward to working with all our partners on this project which will have huge significance on the next generation of battery systems.” Tony Harper, Faraday Battery Challenge Director at UK Research and Innovation, said: “This new world-class facility will allow the UK to rigorously prepare our home-grown battery technologies for global competitiveness. This additional investment will mean its ambitious facilities will be expanded and improved to meet the soaring demand of the electric vehicle global market.” Nick Abell, Vice Chair of the Coventry and Warwickshire Local Enterprise Partnership, said: “Coventry and Warwickshire are renowned for its innovation and expertise and the UK Battery Industrialisation Centre is at the heart of the Government’s Industrial Strategy to help the UK to become a global leader in the design, development and manufacture of batteries.” West Midlands Local Industrial Strategy launched The West Midlands is a region currently going through a renaissance. Designed in partnership with the West Midlands Combined Authority, the West Midlands Local Industrial Strategy builds on the region’s core strengths, sectors at the heart of the region like automotive and advanced manufacturing and life sciences, and aims to create new opportunities for people and businesses. Together, government and UK Research and Innovation, have provided extensive support to businesses and groups in the West Midlands, including investing over £1 billion in the region since 2016. Productivity in the West Midlands grew at twice the rate of the UK average in 2018 and this new strategy sets out how leaders from across the West Midlands will work in partnership with Government to:
The West Midlands is the fastest growing UK region for goods exports and this Local Industrial Strategy will help accelerate the economic growth in the area. The Government’s national Industrial Strategy is further supporting economic growth and boosting local businesses through investments including:
This is the first Local Industrial Strategy in the country – Greg Clark will be showcasing this ambitious plan alongside West Midlands Mayor Andy Street and other local leaders from across England at our first-ever Industrial Strategy Conference, at London’s Mansion House. Those attending will include representatives from the 38 Local Enterprise Partnerships, and young entrepreneurs from each of these areas. The Strategy also comes as the Government holds the next round of bidding for its flagship Strength in Places Fund, a £236 million fund bringing together research organisations, businesses and local authorities to develop pioneering ideas that will deliver local economic growth and create high-value jobs. |
