For so long, interventions from the UK government into the automotive industry have been scattergun, but suddenly it seems like there's some kind of strategy to hold everything together.
It started with the chancellor’s £2 billion-plus commitment to support zero-emissions investment in the automotive sector over the next five years, as part of a wider £4.5bn package to support green manufacturing in the UK.
Such numbers should always be taken with a degree of caution, lest for any double-counting on money already committed. But it was notable that Jeremy Hunt said this investment had been “warmly received by Nissan and Toyota”, neither of which could be tied to investments made so far as part of that £2bn and thus pointing to true new investments still to be disclosed.
