An Opportunity for the Machine Tool industry to supply products and services for manufacturing of electric vehicles.
The Automotive Transformation Fund (ATF) is an initiative to support the industrialisation at scale of an electrified automotive supply chain in the UK. As the automotive sector goes through a major disruptive technology transition and is rapidly embracing electrification there is a need to focus the investments in order to create a sustainable and competitive supply chain. This new funding stream will support both R&D and capital projects within the automotive industry.
The scale and pace of change for the automotive industry in the UK is unprecedented. With this change comes real opportunity, matched with real challenge. Building on the ground worked laid by the Industrial Strategy, the ATF represents the next step in that strategy, Industrialisation at scale. It is designed as a co-ordinated approach to securing investment in key technologies, and their supply chains, in the UK.
HSSMI is building a consortium of machine tool manufacturers who are seeking to develop products and services for electric vehicle manufacturing. We envision the project to be 12 to 18 months long with companies seeking to develop their existing or new product offerings. The expression of interest deadline is on the 14th of October 2020. For further information on the consortium and how to get involved please get in touch with Satwik Mehta from HSSMI. (Satwik.email@example.com).