The Government diverted £136m away from its electric vehicle (EV) supply chain fund to the UK’s main nuclear reactor project Sizewell C, i can reveal.
The Automotive Transformation Fund, a Government initiative designed to make it easier for car manufacturers to build and develop electric vehicles in the UK, spent just 5 per cent of its initially allocated funding in the year to March 2023, according to Government documents seen by i.
Given an initial budget of £191m, just £7m was spent and 76 per cent of the funding arrangement was transferred to the Sizewell C project, the construction of the UK’s first new nuclear power station in more than 30 years.
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