A new £1.8m fund to encourage businesses to move beyond manufacturing internal combustion engines to producing low carbon vehicle technologies, helping to stimulate innovative economic growth in Wales, is being established by Ford and the Welsh Government.
The Ford Low Carbon Vehicle Transition Fund, administered by the Welsh Government as part of Ford’s legacy in Wales after controversially shutting down its Bridgend Engine Plant last year, will address strategic industrial technical challenges associated with low carbon vehicles.
There will be a clear focus on commercialisation and exploitation of new products, processes or services and growing capacity in low carbon technologies.
Businesses in the sector are encouraged to start thinking now about the technical improvements they could make, and how they use the funding to benefit the Welsh economy. It will help them work-up strong applications within the timescales and start a conversation on considering how they might pledge to become a net-zero organisation.
For more information about the fund including how to apply, please visit: https://businesswales.gov.wales/expertisewales/ford-low-carbon-vehicle-transformation-fund