The Government has poured £20 million into testing of driverless cars in an attempt to make the UK the place to test out high-tech autonomous vehicles.
This money, which will be used to create a research and development fund for the growing industry, is aimed at making the UK the first choice for car manufacturers and other companies in honing self-driving vehicles – a market that is estimated to amount to £900 billion by 2025, according to the Telegraph.
The £20 million funding in the latest Government plans will be made available to the companies that offer up the most innovative ways of moving autonomous vehicle technology forward. Likely projects will see researchers finding new ways for the next generation of self-driving cars to communicate with other vehicles and the environment around them.
Britain will need to capitalise on new technologies like driverless vehicles, securing high-skilled jobs for those who want to work hard and get on, and contributing to a more prosperous future.
Central to winning the bid for this funding are safety and reliability, along with scoping out new means of vehicle communications. The chosen business will have to match the £20 million injection of cash with their own funds.
Sajid Javid, the Business Secretary, told the Telegraph: "Our world-beating automotive industry, strengths in innovation and light-touch regulatory approach to testing driverless technology combine to make the UK market competitive and an attractive destination for investors.
“To boost productivity Britain will need to capitalise on new technologies like driverless vehicles, securing high-skilled jobs for those who want to work hard and get on, and contributing to a more prosperous future for the whole of the country.”
This latest £20 million fund forms part of £100 million put aside to allow research into “intelligent mobility”, which was announced by George Osborne in the spring Budget.