12 Jun Cornish Project Wins Share of £23M Government Fund
A number of projects, including once led by Cornish company, have secured a share of £23m to develop a UK supply of lithium as part of a drive to develop the latest electric vehicle technology.
Mining company Cornish Lithium is part of the government’s effort to keep the UK at the forefront of new technologies and emerging markets,
Among the winners is a project led by Granta Design which will explore the use of artificial intelligence in battery making.
Others include a Jaguar Land Rover-led project to maximise battery performance and a study by Wardell Armstrong, which will work with the Natural History Museum and The Faraday Battery Challenge.
Business and energy secretary Greg Clark said: “We are committed to ensuring our world-leading automotive sector can flourish. These exciting new projects will build on the UK’s reputation for excellence, our rich heritage in the auto industry and pave the way for advances towards a cleaner economy.
“We will continue to invest in future car manufacturing, batteries and electrification infrastructure through our modern Industrial Strategy and today’s winners will be crucial in ensuring that the UK leads the world in the global transition to a low carbon economy – one of the greatest industrial opportunities of our time.”
The £23m forms part of a £274m total to be awarded to companies through the Faraday Battery Challenge, part of the government’s Industrial Strategy Challenge Fund (ISCF).