There will be 16 innovative development projects, worth over £52 million, to receive £23 million government investment through the Low Carbon Vehicles Innovation Platform. Low Carbon Vehicles Integrated Delivery Programme to be developed, speeding up the introduction of low carbon vehicle technology, with further £70 million government investment. New low carbon vehicles could be on Britain’s roads within 5 to 7 years following the decision, announced today, to invest £23 million of Government funding in sixteen innovative new projects. The investment, which is being made available by the Technology Strategy Board and the Department for Transport through the Low Carbon Vehicles Innovation Platform, will assist companies to take forward research, development and demonstration projects in the UK. Including investments by the companies involved, the total value of the development projects will be £52 million.

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8 May 2008
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