DRIVE35 The Automotive Transformation Fund

The DRIVE35 Automotive Transformation Fund (ATF) has the purpose of providing capital funding to support the industrialisation of zero-emission vehicle (ZEV) technologies.

Its goal is to safeguard and create highly skilled jobs, attract private investment, and drive emission reductions, whilst securing future ZEV manufacture in the UK by building an internationally competitive electric vehicle supply chain through the transition, upgrading, or establishment of new manufacturing facilities.

To apply for funding through the Automotive Transformation Fund you must be a UK-registered company and first complete an expression of interest (EOI).

The competition is for businesses that plan to carry out capital-focused investment projects that support the UK automotive industry. The EOI application enables you to assess your eligibility to progress to the next stage of the funding process.

Projects must focus on:

Supply Chain

Key technology areas include:

• Batteries
• E-machines
• Power electronics
• Hydrogen fuel cell systems
• Upstream materials for the above

Transformation

• Strategic transition to ZEV assembly
• Material circularity
• Key supply chain transformation, driving international competitiveness