As Britain prepares to leave the EU, May’s government is pushing for a greener, cleaner industrial policy.
On Monday, as part of the British government industrial strategy to boost growth, productivity and distribution of wealth, the country’s business minister is set to launch the first phase of the 246 million pound investment into battery technology.
In January, British Prime Minister Theresa May had published the government’s industrial strategy which calls for a more hands-on approach to developing key industries in a bid to help protect the country’s economy as Britain prepares to leave the safety of the EU’s single market bloc.
With the British government’s shift to cleaner energy, the design, development and manufacturing of electric cars and batteries have become the country’s top industrial priority.
As a step in that direction, Clark is set give a speech and unveil “the Faraday Challenge” – a competition to establish a centre for battery research which “will – quite literally – power the automotive and energy revolution where, already, the UK is leading the world”.
“The first element will be a competition led by the Engineering and Physical Sciences Research Council to bring the best minds and facilities together to create a Battery Institute,” Clark is expected to say, according to advance excerpts from his speech.
May’s government is hoping these initiatives will help revitalize areas of the country’s industrial policy that has seen neglect in decades.
Britain’s manufacturing and productivity lags far behind those of its erstwhile peers – France and Germany.
“The Faraday Challenge is a new way of working,” said Philip Nelson, chief executive of the Engineering and Physical Sciences Research Council (EPSRC).
“It will bring together the best minds in the field, draw on others from different disciplines, and link intimately with industry, innovators and other funders … to ensure we maintain our world leading position and keep the pipeline of fundamental science to innovation flowing.”