Automotive Transformation Fund
Accelerating the transition to an electrified UK automotive industry
The ATF is a funding programme created to support large-scale industrialisation. Up to £1 billion of funding will be invested in developing a high-value end-to-end electrified automotive supply chain in the UK. The fund is highlighted as an important mechanism to reach targets in the UK Government’s 10-point plan for a green industrial revolution and its recent Transport Decarbonisation Plan.
Supporting key technologies
Supporting the industrialisation of this new supply chain means diving deep to support the sub-tier components, materials and chemicals that will supply this sector.
ATF is dedicated to supporting the large-scale industrialisation of an electrified supply chain. The programme will support strategically important capital and R&D investments in the UK and will begin by focusing on companies involved in:
• Batteries including cells (’gigafactories’)
• Electric machines and drives
• Power electronics
• Fuel cells
• Upstream supply chain for any of the above
• Recycling any aspect of the above
Seizing the opportunity
The UK upstream supply chain opportunity for electrified vehicle technologies has a value of at least £24 billion, which represents significant investment opportunities for organisations considering the UK – ATF is dedicated to supporting UK registered business and inward investment to capitalise on this.
Supporting inward investment in the UK
Working alongside the Department for International Trade (DiT), the ATF team works closely with organisations to provide customised support for inward investors in the UK. Our role is to make the process of starting and growing businesses in the UK as easy as possible and to provide support for the long term, helping organisations to become integral to the UK electrified supply chain.
We recognise that every project is different and will need different forms of support. Consequently, we will consider appropriate funding and assistance to help organisations be successful in the UK.
Competitions and funding
The ATF runs regular competitions to identify organisation to benefit from investment.
From time-to-time additional competition types may be run such as those focused on funding for feasibility studies.
For businesses that plan to carry out work that supports the UK automotive industry, including capital-focused investment projects, the Expressions of Interest application enables you to assess your eligibility and progress to the next stage of the funding process.
How to apply and access support
Register your details and we will be in touch to provide guidance on eligibility and how to progress your application.
Submit a formal Expression of Interest (EOI) for full capital funding.
The ATF team will be available to provide comprehensive support throughout the process.
If your project is recommended for final assessment, it will be evaluated by dedicated teams within BEIS.
The ATF team will notify all applicants of the outcome of their application. All awards will be subject to due diligence and compliance with the relevant subsidy control legislation.
To get in touch with a member of the team…