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<p>The government has committed to spend over £600m this parliament to encourage the
uptake of ultra low emission vehicles in the UK. Precise annual budgets for the next
five years have not been set, but we expect over £100m to be spent during this Parliament,
ensuring the UK remains at the forefront of ultra low emission vehicle technology
development. To date, every £1 of Office for Low Emission Vehicles funding through
Innovate UK’s Low Carbon Vehicle Innovation Platform has been forecast to return £20
to £34 over 15 years.</p>
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