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Intelligent
Mobility Fund
20132009 2015 2016
£1 billion in matched funding
£200 million in matched funding
£900 million fund
Annual budget of over £150 million
2017
Faraday Challenge
for development of
EV technology
£250 million
CAV testing
infrastructure
£200 million
matched
funding
Automotive
Investment
Organisation
Government commitment:
Overall spend circa £2.5bn to automotive
Britain’s Strong Economy
3
0
0.5
1
1.5
2
2.5
3
World’s 6th Largest Exporterof Total Goods and Services *
Source: UNCTAD 2017
$UStrn
*Current $US
0
200
400
600
800
1000
1200
1400
2017 – No 1 For Number Of FDI Projects
Ernst & Young Attractiveness Survey Europe 2018
0
10000
20000
30000
40000
50000
60000
2017 – No 1 For Jobs Created
Ernst & Young Europe Attractiveness Survey 2018
0
5
10
15
20
25
5th Largest Economy In The World 2017 GDP*
*GDP at current $US Source: IMF World Economic Outlook Database Apr 2018
$UStrn
UK Automotive Growth Rate Over Ten Years
4Source: ONS 2017: inflation adjusted values
*R&D data covers 2006-2015
61.03%
94.04%
258.49%*
0%
50%
100%
150%
200%
250%
300%
Manufacturing Turnover Exports Value R&D Expenditure
UK Automotive Industry - Overview
1.7m vehicles
manufactured in 2017
2.7m engines
produced in 2017
169,000 people
directly employed
in manufacturing
814,000 people
employed across UK
automotive industry
78% of UK-built cars are exported
World’s largest
producer of
luxury cars
25,000 new jobs to be
created in automotive
manufacturing to
build connected &
autonomous vehicles
UK auto industry
turnover £71.6 billion
5*SMMT
UK Car and Engine Production
6
0
0.5
1
1.5
2
2.5
3
Pro
du
cti
on
Vo
lum
e in
Milli
on
s
Car Production Engine Production
*Source SMMT 2018
• 1.67 million cars were produced in 2017, which is the second highest output in 17
years
• 2.7m engines were produced in 2017, up 6.9% compared to 2016 and an all-time high
since records began in 2009
UK Content
7
Average UK content in British-built cars£3.7 billion of business re-shored
36%
41%
44%
0%
5%
10%
15%
20%
25%
30%
35%
40%
45%
50%
2011 2014 2017
Britain is open for business
9
No 1 major
European economy
for global talent
Ranked 5th in the
Global Innovation
Index
Lowest corporation
tax in G7
Falling to 17% by
2020
Patent Box: 10% tax
rate on profits from
R&D done in the UK
World-class
research base:
4 of world’s top 10
Universities,
18 of top 100
Top 10 economy for
global
competitiveness
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