Automotive Transformation Fund

The Automotive Transformation Fund (ATF) provides capital funding to support the industrialisation of zero-emission vehicle technologies. Its goal is to safeguard and create highly-skilled jobs, attract private investment, and drive emissions reductions, whilst securing future zero-emission vehicle manufacture in the UK by building an internationally competitive EV supply chain through the transition, upgrading or establishment of new manufacturing facilities. The programme aims to develop a UK-based manufacturing capability for zero-emission vehicles and leverage the UK's unique reputation in high-growth domestic and export markets. Capital investment projects will be managed through the Department for Business and Trade Central Grants & Loans Team. The ATF has attracted approximately £6 billion of private capital investment across capital and R&D programmes, created or safeguarded over 6,000 jobs, and has a supply chain focus from battery raw materials to electric motor manufacturing. The available grant is dependent on the proposed project and will be determined during the second stage of the application process, with the grant requested being the minimum required to ensure the sustainability of the investment.