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23 April 2014 | Will Green
Projects incorporating F1 technology into buses and diggers are to benefit from a joint £1 billion government-industry fund.
The cash will be used for projects that introduce new technologies for the “next generation” of vehicles, securing 30,000 jobs linked to producing engines and creating “many more" in the supply chain.
The four projects, announced today by business secretary Vince Cable, are the first to benefit from the Advanced Propulsion Centre, which will see government and industry each invest £500 million over the next 10 years.
Cable said: “The next generation of cars, buses and diggers will be powered by radically different technologies and I want them to be developed here in Britain.”
GKN Land Systems and its partners will receive £7.5 million to help develop an F1-derived “gyrodrive” system for buses that saves braking energy and uses it to accelerate again, while JCB and Flybrid will get £3.3 million to help use F1 technology to reduce fuel consumption and carbon emissions in diggers.
Ford and its partners will get £13.1 million to help upgrade their EcoBoost engine, and Cummins and its partners will get £4.9 million to develop new stop-start diesel engine technology for buses.