Government shows off £1bn investment in future car
The Government and the car industry are going to invest £1bn over the next 10 years in some research centre to develop the "car of the future". This seems a bit frivolous, but it will create and secure the jobs of 30,000 people.
A group of 27 companies and the government will each invest £500m in an Advanced Propulsion Centre to research low-carbon technologies.
"The UK automotive sector has been incredibly successful in recent times, with billions of pounds of investment and new jobs," Business Secretary Vince Cable said at the Goodwood Festival of Speed.
"With the next generation of vehicles set to be powered by radically different technologies we need to maintain this momentum and act now. Our industrial strategy will ensure we keep on working together to make our automotive industry a world leader."
Not only that, the Automotive Council (co-chaired by Cable and Professor Richard Parry-Jones) is hoping to recruit more than 7,600 apprentices and 1,700 graduates over the next five years.
Prof Parry-Jones said: "Businesses prefer consistency, stability and a clear path to the future in order to make investment plans.
"'Driving Success', the automotive industrial strategy, sets out how industry will work together with government over the next 20 or 30 years. This is critical to sustaining and growing a thriving UK automotive sector in a highly competitive global industry."
These cars better have robot pilots or have the ability of flight.