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Funding News: The Niche Vehicle Network, Technology Strategy Board, and OLEV jointly announce the 2013-14 call for collaborative R&D projects

The Niche Vehicle Network is pleased to announce a new CR&D Competition, which will provide a total fund of £1,350,000 for niche vehicle manufacturers, suppliers and technology organisations who wish to collaborate on innovative, industry-led projects focussing on developing and demonstrating vehicle or system level road-vehicle technology in the following categories Improved Fuel Efficiency & […]

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SMMT News: NEW SMMT Funding and Support Guide

The new version of the Funding and Support Guide for automotive companies requiring access to finance has been published, containing over 100 different regional, national and European schemes that are cross referenced by type, category and criteria The document has been designed to make it easy for automotive companies to find the schemes most relevant […]

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Torotrak Acquires 20% of Flybrid Automotive Ltd

Leyland-based Torotrak acquires 20% of Flybrid Automotive Ltd, formalising successful partnership to deliver first-to-market flywheel hybrids Torotrak has acquired a 20% stake in flywheel hybrid innovator Flybrid Automotive Ltd (formerly Flybrid Systems LLP) with an option to acquire the remaining shares before the end of the calendar year. The transaction strengthens Torotrak’s ability to provide […]

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March 2013 Budget: Changes to VED, company car tax, capital allowances, and more

Here’s a summary of how the March 2013 Budget affected motorists, including changes to Benefit In Kind (BiK) tax levels for Electric Vehicles (EVs) Company Car Tax and EV BIK Benefit In Kind (BiK) tax levels on Ultra Low Emission Vehicles (ULEVs) – including Electric Vehicles (EVs) – with 0-50g/km CO2 emissions, will remain at […]

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NAA Update: Carol launches an appeal – and an action plan – for North West automotive companies to maximise the youth, diversity and skills of their staff

I recently attended the UK Manufacturing Summit where Vince Cable commented that due to ageing demographics the bottleneck in the future will be staff. He also commented that engineering is one of the most sought after subject areas at University – but that we need to tackle the gender issue, with only 1 in 10 […]

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Investing in England's North West - European Regional Development Fund
Partners Department for Business Innovation and Skills Finance Birmingham