Nottingham company secures public funding for driverless tech
Romax Technology, based at Nottingham Innovation Park, has become part of a £109 million drive by the Government to invest in driverless and low carbon projects.
It is one of seven businesses in the UK who have won £16.7 million of funding from the Government’s Office for Low Emissions Vehicles (OLEV) to advance the development of a range of ultra-low and zero emissions vehicle technologies.
Romax joins Equipmake, Ford Motor Company, Great British Sports Cars, Jaguar Land Rover, Ricardo Innovations and Wrightbus in winning funding.
Business and Energy Secretary Greg Clark commented: “Low carbon and driverless cars are the future and as a Government we are determined through the Industrial Strategy to build on our strengths and put the UK at the forefront of this revolution. Investment in this technology is an integral part of this Government’s efforts, to ensure the UK auto sector remains competitive and world-leading.
“The projects being awarded funding today will help extend our excellence in these cutting edge research fields, helping to safeguard jobs while ensuring the UK remains the go-to destination for automotive excellence.”
Transport Minister John Hayes added: “I am absolutely committed to improving air quality and reducing pollution in towns and cities, which is essential for people’s health and the environment.
“The number of ultra-low emission vehicles on our roads is at record levels and our renewed support for these exciting technologies is yet another significant milestone.”