Nottingham firm wins government funding for electrical vehicle tech

A Nottingham firm is to become part of a £109m drive by the Government to invest in driverless and low carbon projects.

Romax Technology, based at Nottingham Innovation Park, has been named as one of seven businesses in the UK who have won £16.7m worth of funding from the Government’s Office for Low Emissions Vehicles (OLEV) to advance the development of a range of ultra-low and zero emissions vehicle technologies in the UK.

Business Secretary Greg Clark and Transport Minister John Hayes have today (11 April) awarded £109.7 million of government funding, alongside significant funding from industry, to help develop the next generation of driverless and low-carbon vehicles, as part of the Industrial Strategy and the Government’s Plan for Britain.

Romax joins the likes of Equipmake, Ford Motor Company, Great British Sports Cars, Jaguar Land Rover, Ricardo Innovations and Wrightbus in winning funding from the Government’s Office for Low Emissions Vehicles (OLEV) to advance the development of a range of ultra-low and zero emissions vehicle technologies in the UK.

Business and Energy Secretary Greg Clark said: “Low carbon and driverless cars are the future and as a Government we are determined through the Industrial Strategy to build on our strengths and put the UK at the forefront of this revolution. Investment in this technology is an integral part of this Government’s efforts, to ensure the UK auto sector remains competitive and world-leading.

“The projects being awarded funding today will help extend our excellence in these cutting edge research fields, helping to safeguard jobs while ensuring the UK remains the go-to destination for automotive excellence.”

Transport Minister John Hayes said: “I am absolutely committed to improving air quality and reducing pollution in towns and cities, which is essential for people’s health and the environment.

“This Government is investing £109 million to support British businesses in developing innovative, important technologies which will greatly reduce our emissions footprint.

“The number of ultra-low emission vehicles on our roads is at record levels and our renewed support for these exciting technologies is yet another significant milestone.”