The government announced today (17 November) the funding will be available from 2025 for five years, providing industry with longer term certainty about their investments.
Over £2 billion has been earmarked for the automotive industry and £975 million for aerospace, supporting the manufacturing, supply chain and development of zero emission vehicles, and investment in energy efficient and zero-carbon aircraft equipment.
John Neill, Executive Chairman of Unipart Group, said: “We welcome the Government’s commitment to advanced manufacturing and the recognition of the strategic importance of the automotive industry to the UK. As an independent management and employee-owned company, Unipart has seen the strategic benefit from investing in developing performance improvement technologies for our global clients across a range of industries including automotive. The government’s investment strategy will enhance opportunities for companies like ours to continue that vital innovation.”
With a strong heritage in the automotive sector, Unipart has grown into a supply chain and performance improvement technologies partner in a wide range of markets including rail, aerospace, healthcare and technology.
