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East Midlands Chamber News

£30m fund to develop self-driving cars

Companies are invited to bid for £30m of funding to support the development of self-driving vehicles on UK roads, Business Minister Richard Harrington has announced.

Funded through the Centre for Connected and Autonomous Vehicles (CCAV) and Meridian, the Government’s unique hub for testing autonomous technology, the competitions see Government and industry jointly investing in UK businesses to help realise the Government’s ambition to see fully self-driving vehicles on UK roads by 2021.

The next round of the competition could answer drivers’ parking woes since up to £5m will be awarded to projects developing and testing autonomous parking technology.

This technology will allow self-driving cars to park in a range of different environments without human intervention. The money will also fund two public-testing sites for self-driving cars in urban settings, the first of the kind in Europe.

For more on this Government announcement, visit https://bit.ly/2JcZLRz.