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A new deal between the UK Government and the automotive industry is promising major funding for technology including electric vehicles and autonomous cars.
The Automotive Sector Deal will see the government and industry investing about £250 million to develop and manufacture electric vehicles, create a "world-leading" testing environment for connected and autonomous vehicles, and invest in a new industry-led programme that aims to raise the competitiveness of UK suppliers.
Business and Energy Secretary Greg Clark said: "For decades, the UK's automotive industry has powered our economy forward. Today, automotive firms from around the world choose to set up shop here, citing our history of excellence, skilled workforce and world-leading supply chains.
"In the next ten years, the sector will see more change than in the previous hundred. From the engines that power our cars, to the way we control them and our attitudes to owning them, technology is changing what the industry looks like and where money can be made.
"As we open the automotive sector's next chapter, we will continue to work with industry to make sure the technologies of tomorrow are developed, tested and manufactured right here in the UK."
Mike Hawes, chief executive of the Society of Motor Manufacturers and Traders, said: "The deal strengthens our long-standing partnership with government, with a boost to supply chain competitiveness and investment, matched by industry, to keep the UK at the forefront of electric, connected and autonomous vehicles.
"In its implementation, the deal must help the industry build on our success and seize the opportunities presented by such technological innovations.
"Given current uncertainties, it must also be complemented by ongoing efforts to maintain the right conditions for growth."
Along with the deal, the government has announced its latest round of Advanced Propulsion Centre funding, which will see a £26.4 million investment, which will be matched by the industry, in three low-carbon vehicle projects involving Ford, GKN and Jaguar Land Rover.
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