SMMT News

Vince Cable announces £80m low carbon funding

27 March 2015 #SMMT News

Business Secretary Vince Cable has announced £80 million for four new projects to develop and manufacture new low emission innovations in the UK.

The investment is part of a £1 billion joint government and industry fund, through the Advanced Propulsion Centre (APC). The four successful projects include:

  • A £4.3m grant to develop a new generation of electric and hybrid buses for Wrightbus and its Northern Ireland partners.
  • £6.3m for a hydrogen fuel cell range extender for electric LCV fleets by Intelligent Energy.
  • £16.4m for a high efficiency transmission and electric drivetrain by hofer powertrain UK.
  • £13m for the development of technologies for UK-built diesel engines for off-highway use by Perkins Engines Company and its partners.

Since its formation in 2014, the APC has committed funding to 10 projects for the development of low carbon propulsion technologies.

Business Secretary, Vince Cable said, “Green technology is needed to drive the cars of the future, and British designers and manufacturers must continue to lead innovators in this field.  With projects as diverse as developing high efficiency transmissions to creating a new generation of electric and hybrid buses, the Advanced Propulsion Centre is one of the driving forces behind the development of new technology to fuel the green engines of the future, enabling our car industry to be truly world beating.”

Investment for funding through the APC is selected by its twice-yearly funding competitions. Applications for the next £100 million round of investment will be open soon.

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