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1660540

registered interest
date	13/09/2023
answering body	Department for Business and Trade
answering dept id	214
answering dept short name	Business and Trade
answering dept sort name	Business and Trade
hansard heading	Automotive Transformation Fund
house id	1
legislature	25259 pref label House of Commons
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.
tabling member constituency	Bath
tabling member printed	Wera Hobhouse
uin	199465
answer	answer is ministerial correction date of answer 22/09/2023 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> answering member constituency Wealden answering member printed Ms Nusrat Ghani question first answered 22/09/2023 11:38:13 answering member 4460 label Biography information for Ms Nusrat Ghani
tabling member	4602 label Biography information for Wera Hobhouse

1660541

registered interest
date	13/09/2023
answering body	Department for Business and Trade
answering dept id	214
answering dept short name	Business and Trade
answering dept sort name	Business and Trade
hansard heading	Automotive Transformation Fund
house id	1
legislature	25259 pref label House of Commons
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.
tabling member constituency	Bath
tabling member printed	Wera Hobhouse
uin	199466
answer	answer is ministerial correction date of answer 22/09/2023 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> answering member constituency Wealden answering member printed Ms Nusrat Ghani question first answered 22/09/2023 10:48:29 answering member 4460 label Biography information for Ms Nusrat Ghani
tabling member	4602 label Biography information for Wera Hobhouse