The Government has announced a combined £400 million boost from the public and private sectors to help fund autonomous, electric and connected vehicle projects.
Seven projects have been chosen to share £186m from UK Research and Innovation’s (UKRI) flagship Strength in Places Fund. This is in addition to £230m of funding from private firms and research institutions.
UKRI is a quasi-autonomous non-governmental organisation that directs research and innovation funding, funded through the science budget of the Department for Business, Energy and Industrial Strategy.
The seven projects are split across the automotive, transport, medical and creative industries.
Two of the projects are directly related to transport, including £44m for a consortium led by Cardiff University, to group capabilities in South Wales developing technologies in areas such as communications, 5G, innovative vehicles and medical devices.
A further £63m has been earmarked for a consortium led by Artemis Technologies Ltd to develop zero-emissions technologies in Northern Ireland for the introduction of wind-electric hybrids for maritime vessels, including a new zero emissions water taxi scheme.
Business Secretary Alok Sharma said: “This will ensure some of our country’s most promising R&D projects get the investment they need to take off and thrive.
“Working with the private sector and our world-class universities, we’re backing new and innovative ideas that will create jobs and boost skills in every part of the UK for years to come.”
The announcement also follows the government doubling investment in its Fast Start Competition to £40 million to drive forward new technological advances and support the UK’s next generation of innovative businesses.