INTIEAUnited Kingdom · Automotive Transformation Fund (2023)PolicyIn force

Automotive Transformation Fund

The Automotive Transformation Fund (ATF) is a funding programme established in 2020 to accelerate the transition to an electrified UK automotive industry. It aims to invest up to GBP 850 million in developing a high-value, end-to-end electrified automotive supply chain in the…

Last changed 1 year ago.

Extracted view for reading · Original for compliance evidence

Lifecycle

  1. Effective
  2. Last change

Country / jurisdiction: United Kingdom · Year: 2023 · Status: In force · Level: National · Type: Voluntary

The Automotive Transformation Fund (ATF) is a funding programme established in 2020 to accelerate the transition to an electrified UK automotive industry. It aims to invest up to GBP 850 million in developing a high-value, end-to-end electrified automotive supply chain in the UK. The fund supports key technologies such as batteries, electric machines and drives, power electronics, fuel cells, and the upstream supply chain for these technologies. Businesses can apply through the Expression of Interest (EOI) competition for capital-focused investment projects, and the ATF team provides customized support for inward investors. The UK upstream supply chain for electrified vehicle technologies represents a significant investment opportunity, valued at least GBP 24 billion.

Notable projects funded by the ATF related to critical minerals include:

Pensana's saltend project

Pensana's Saltend Project involves the development of a rare earth processing facility by Pensana Plc. The groundbreaking ceremony for this project was held on July 22, 2022. Supported by the Automotive Transformation Fund (ATF), the facility is being established at Saltend Chemicals Park in East Yorkshire. This facility aims to process rare earths, which are vital for manufacturing electric vehicle motors and wind turbine generators, contributing significantly to the UK's green industrial revolution.

Green Lithium's refinery project

Green Lithium's Refinery Project focuses on the construction of the UK's first large-scale lithium refinery by Green Lithium. The project secured a grant on April 20, 2022, from the ATF Feasibility Study scheme, amounting to GBP 0.6 million. The refinery will produce battery-grade lithium hydroxide, reducing reliance on imports and supporting the UK's electric vehicle and sustainable energy storage sectors.

Weardale Lithium Limited's direct lithium extraction project

Weardale Lithium Limited secured a grant of approximately GBP 670,000 from the Advanced Propulsion Centre's Automotive Transformation Fund Feasibility Studies on June 17, 2022. This funding supports the development of sustainable lithium extraction from geothermal brines in County Durham, aiming to establish the effectiveness of direct lithium extraction technologies. The project is crucial for producing "green lithium" and supports the UK's net-zero ambitions by providing a domestic supply of lithium for the electric vehicle supply chain.

These initiatives underscore the ATF's commitment to developing a robust supply chain for critical minerals, essential for the UK's transition to a net-zero economy.

Official source: https://www.apcuk.co.uk/get-involved/funding/automotive-transformation-fund/

Source

https://www.iea.org/policies/26790

Canonical document at the regulator. Always cite this URL — not the Vantage detail page — in compliance evidence.

Related in International

INTEnergy Newsoilprice:oilprice-article-45490NewsIn force

Oil Industry Braces for Years-Long Iran War

Oil producers, traders, and refiners are bracing for a prolonged war between the United States and Iran in the Persian Gulf with little to no hope of a quick resolution. By extension, they are also preparing for higher prices for longer, a theme present at this year’s edition of the Asia Pacific Petroleum Conference. Reuters’ Clyde Russell reported this week that the mood at APPEC was not particularly cheerful as hostilities in the Middle East escalate once again, suggesting achieving peace would be quite a challenge. The Reuters columnist…

10 hours ago
INTEnergy Newsoilprice:oilprice-article-45486NewsIn force

Stolen Electricity is Powering Illegal Crypto Farms Across the Globe

Electricity theft is a global problem, and it’s getting more dire all the time. While the problem is most common in developing countries, where grid infrastructure is limited and utilities and state authorities have lower oversight capacities, developed countries are not immune either. This theft can occur in many forms and at many scales, from individuals tapping into power lines to power their individual residences to large-scale and sophisticated theft schemes to power entire cryptocurrency mining farms. Just this week, Mexican authorities…

12 hours ago
INTEnergy Newsoilprice:oilprice-article-45475NewsIn force

The Race to Solve Nuclear Energy’s Biggest Problem

Nuclear power is growing in popularity once again as governments worldwide look to diversify their energy mix and reduce reliance on fossil fuels. Several countries are now looking to develop or expand their nuclear energy capacity over the coming decades. However, one challenge remains – nuclear waste. Disposing of waste materials from nuclear energy operations remains a complex task with no perfect solution. As countries worldwide have grown their nuclear power capacity, many governments are still struggling to decide on the best solution…

14 hours ago
INTEnergy Newsoilprice:oilprice-article-45473NewsIn force

Iran’s Security Crackdown Runs Into Resistance From Within

Iran's parliament is trying to turn fears of foreign infiltration into law. But as lawmakers work through the legislation, the debate is exposing an increasingly awkward question for the Islamic Republic: How far should the state go in policing Iranians' contact with the outside world? At the center of that debate is Parliament Speaker Mohammad Baqer Qalibaf, who, at least publicly, is doing a balancing act. He has defended the need for tougher measures against foreign infiltration while warning that the current draft of the legislation goes too…

16 hours ago
INTEnergy Newsoilprice:oilprice-article-45474NewsIn force

Why More Homes Are Switching From Gas to Heat Pumps

Heat pumps are becoming an increasingly popular alternative to gas-powered central heating systems and are increasingly being used in new construction, often driven by government incentives. A heat pump uses technology similar to that found in a refrigerator or an air conditioner, extracting heat from a source, such as the surrounding air, and amplifying and transferring the heat to where it is needed. As most of the heat is transferred rather than generated, heat pumps are far more efficient than conventional heating technologies such as boilers…

18 hours ago