Jaguar Land Rover (JLR) and Tata have succeeded in securing a £92 million joint industry, university and government boost for a new initiative announced today.
Government’s ‘UK Research Partnership Investment Fund’ (UK RPIF), launched at Budget 2012, was heavily oversubscribed and received an overwhelming number of bids, resulting in this latest wave of investment.
The fund will contribute to a £92 million partnership between the University of Warwick, Jaguar Land Rover (JLR) and Tata Motors European Technical Centre (TMETC) for a new National Automotive Innovation Campus.
The campus will develop new technologies to reduce dependency on fossil fuels and address a shortage of skilled R&D staff in the automotive supply chain. JLR and TMETC, working with Warwick Manufacturing Group (WMG) at the University of Warwick, envisage a 10-fold return on investment through improved products, processes and services.
