The Welsh Government will co-fund a third round of investment in greener and cleaner innovation through the Ford Low Carbon Vehicle Transformation Fund as part of its response to the climate emergency, Economy Minister, Vaughan Gething, announced (12 July 2023).

Set up by the Ford Motor Company in 2020, the Welsh Government-administered fund addresses strategic industrial technical challenges associated with low-carbon vehicles, including electrical energy storage, electric motors, power electronics and powertrains. Collaboration and building new future supply chains are key elements of the Fund.

The next round of funding, which opens today, will see up to £1 million invested in projects by the end of 2024.

For more information on how to apply and terms and conditions, please visit Ford Low Carbon Vehicle Transformation Fund now open! | Innovation (gov.wales)