Source · Select Committees · Business, Innovation, Science and Trade Committee
Recommendation 16
16
Paragraph: 71
Conduct and publish a benchmarking review of UK battery industry financial support against competitor countries.
Recommendation
The Automotive Transformation Fund has helped to unlock private investment into the UK, including in gigafactories and businesses further up the supply chain. However, now global competition has intensified, the UK Government needs to ensure that financial support on offer in the UK is internationally competitive. The Government should conduct a benchmarking review to determine how the financial 52 Batteries for electric vehicle manufacturing support on offer compares with that available in competitor countries. It should publish this review and use the findings to inform a new offer of support for the UK’s battery industry in its forthcoming UK Battery Strategy.
Paragraph Reference:
71
Government Response
A response document is linked to this report, dated 14 February 2024. Response attribution to this recommendation has not been verified. Read the response document ↗