Batteries: Manufacturing Industries
The question
To ask the Secretary of State for Business and Trade, what progress his Department has made on providing £1.5 billion funding to new gigafactories.
Answered by Chris McDonald
The Government has put batteries and electric vehicles at the heart of the Modern Industrial Strategy including by allocating £4 billion to 2035 for the DRIVE35 programme. DRIVE35 is supporting investment in an end-to-end EV supply chain, including gigafactories such as Agratas and AESC.
In parallel, Government continues to invest in battery R&D via the £452m Battery Innovation Programme, also launched as part of the Industrial Strategy.
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