Europe

Europe

UK Strategy Update

UK Strategy Update

UK responds to industry demands for a coordinated approach to batteries Grant funding available in the UK to support research, development, scale-up and industrialization of batteries:

UK Government published the UK Battery Strategy, focusing on 3 key pillars: Design | Build | Sustain. With £2bn of financial support for the Auto2030 program, as part of the Advanced Manufacturing Plan which provides £4.5bn of public funding to support the UK’s manufacturing ambitions. The Critical Mineral Strategy, published in 2022, was refreshed with more details on how it will be delivered and includes commitments to international partnerships to secure material supply. The strategies also commit to enabling a favorable regulatory environment and new financial instruments for crowding in private funding with public money.

Source: UK Battery Strategy; Advanced Manufacturing Plan; Critical Mineral Strategy Refresh

Extracted from the PDF; charts and images may read imperfectly.