Automotive Transformation Fund ('ATF')

The Automotive Transformation Fund (ATF) is a UK government initiative designed to support the transformation of the country’s automotive sector. With a focus on electrification, the fund provides significant financial backing for companies developing cutting-edge technologies in battery production, electric vehicles (EVs), and supply chain innovations. The goal of the ATF is to accelerate the UK’s transition to a net-zero carbon future while boosting its position as a global leader in the automotive industry.

About the Automotive Transformation Fund (ATF)

The ATF is part of the UK’s broader strategy to decarbonise the transport sector, with particular emphasis on:

• Battery Production: Supporting the development of large-scale battery production facilities, commonly known as gigafactories, to meet the growing demand for electric vehicles.
• Electric Vehicle Supply Chains: Developing robust supply chains for electric vehicles, including advanced materials, components, and vehicle assembly.
• Net-Zero Innovation: Funding innovative technologies that contribute to the reduction of carbon emissions in the automotive sector.

The fund aims to help businesses at various stages of the automotive supply chain, from battery manufacturers and component suppliers to vehicle makers and infrastructure providers.

Key Benefits of the Automotive Transformation Fund

• Access to Significant Funding: Companies can secure funding for capital and R&D projects aimed at developing next-generation technologies for electric vehicles and batteries.
• Industry Leadership: Participating businesses have the opportunity to lead the charge in transforming the UK automotive industry, becoming pioneers in the shift towards sustainable mobility.
• Support for Green Innovation: The ATF is focused on accelerating the development of green technologies that will help the UK meet its climate goals, making this an ideal opportunity for companies committed to sustainability.
• Supply Chain Development: The fund not only supports manufacturers but also encourages the growth of a strong supply chain for electric vehicles and components, fostering collaboration across the sector.

Eligibility Criteria for the Automotive Transformation Fund

To qualify for funding under the Automotive Transformation Fund, applicants must meet the following criteria:

• Business Sector: The fund is open to companies operating within the UK automotive supply chain, particularly those involved in electrification, battery production, and advanced vehicle technologies.
• Project Focus: Projects must contribute to the growth of the UK’s electrified vehicle supply chain, with a focus on decarbonising transport and improving sustainability.
• Innovation Potential: Applicants must demonstrate that their project offers significant potential for innovation and advancement in the automotive industry.

Funding Opportunities

The ATF offers several types of funding support, depending on the scale and type of project:

• Capital Investment: For large-scale projects, such as gigafactories or new electric vehicle production facilities, that require significant capital investment.
• Research and Development: R&D funding is available for innovative projects that aim to develop new technologies or processes related to electric vehicles, batteries, and components.
• Collaboration Projects: The ATF encourages collaboration between businesses, research institutions, and universities to drive innovation in the automotive sector.

How to Apply for the Automotive Transformation Fund

To apply for the Automotive Transformation Fund, businesses need to follow these steps:

1. Prepare a Proposal: Outline the key details of your project, including its objectives, the technologies involved, and the potential impact on the automotive industry.
2. Meet Eligibility Criteria: Ensure that your project aligns with the ATF’s goals of electrification, decarbonisation, and supply chain development.
3. Submit Your Application: Applications can be submitted through the official ATF portal. Be sure to include all necessary documentation, such as project timelines, budgets, and technical details.

For more information on the application process and deadlines, visit the official ATF website or contact the fund administrators for guidance.

Driving the Future of Automotive Innovation

The Automotive Transformation Fund offers businesses a unique opportunity to contribute to the UK’s green automotive revolution. Whether you’re a manufacturer looking to build a gigafactory or a startup developing cutting-edge EV technologies, the ATF provides the financial support and industry recognition needed to drive transformative change in the automotive sector.