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1660540
registered interest false more like this
date less than 2023-09-13more like thismore than 2023-09-13
answering body
Department for Business and Trade more like this
answering dept id 214 more like this
answering dept short name Business and Trade more like this
answering dept sort name Business and Trade more like this
hansard heading Automotive Transformation Fund remove filter
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Secretary of State for Business and Trade, how much funding from the Automotive Transformation Fund (a) has been spent and (b) has been allocated for the spending review period to March 2025. more like this
tabling member constituency Bath remove filter
tabling member printed
Wera Hobhouse remove filter
uin 199465 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2023-09-22more like thismore than 2023-09-22
answer text <p>In 2020, £500m of Automotive Transformation Fund (ATF) funding was announced in the Ten Point Plan. The 2021 Net Zero Strategy announced a further £350m funding for the ATF between 2022/23-2024/25. £136m of this budget, for financial year 2022-23, was later reprioritised by BEIS (predecessor department) for investment in Sizewell C</p><p> </p><p>As of September 2023, the total value of offers made under the ATF is over £550 million. In addition, we are in active discussions with investors on a wide range of exciting new projects for the UK's electric vehicle supply chain.</p> more like this
answering member constituency Wealden more like this
answering member printed Ms Nusrat Ghani more like this
question first answered
less than 2023-09-22T11:38:13.043Zmore like thismore than 2023-09-22T11:38:13.043Z
answering member
4460
label Biography information for Ms Nusrat Ghani more like this
tabling member
4602
label Biography information for Wera Hobhouse more like this
1660541
registered interest false more like this
date less than 2023-09-13more like thismore than 2023-09-13
answering body
Department for Business and Trade more like this
answering dept id 214 more like this
answering dept short name Business and Trade more like this
answering dept sort name Business and Trade more like this
hansard heading Automotive Transformation Fund remove filter
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Secretary of State for Business and Trade, how much funding from the Automotive Transformation Fund she plans to allocate to (a) existing legacy car and van manufacturers and (b) new entrants to the market. more like this
tabling member constituency Bath remove filter
tabling member printed
Wera Hobhouse remove filter
uin 199466 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2023-09-22more like thismore than 2023-09-22
answer text <p>The Automotive Transformation Fund offers funding for capital and associated industrial research projects that support the industrialisation of a high value, electrified automotive supply at scale in the UK. We continue to work with industry to unlock private investment in our EV supply chain via the ATF. This includes unlocking strategic investments in gigafactories, motors and drives, power electronics, and fuel cell systems.</p> more like this
answering member constituency Wealden more like this
answering member printed Ms Nusrat Ghani more like this
question first answered
less than 2023-09-22T10:48:29.243Zmore like thismore than 2023-09-22T10:48:29.243Z
answering member
4460
label Biography information for Ms Nusrat Ghani more like this
tabling member
4602
label Biography information for Wera Hobhouse more like this