As part of the UK Government’s Autumn Budget plans, it will allocate £4.5 billion ($5.6 billion) of funds into eight manufacturing sectors including cars and green industries as it seeks to bolster sectors it sees as key to growing the UK economy.

The UK’s first Battery Strategy is also expected to be published next week, which will outline the Government’s activity to achieve a globally competitive battery supply chain in the UK by 2030 that supports economic prosperity and the Net Zero transition.

Altilium welcomes the UK Government commitment to fostering the growth of the EV industry and advancing sustainable transportation. We look forward to supporting the UK close the loop in an EV battery supply chain, which would not only support the automotive industry with a domestic supply of sustainable raw materials giving energy security, but also contribute to reducing carbon emissions and enhancing environmental sustainability.

With an early mover advantage in the UK lithium-ion battery recycling space, Altilium will be the leader in an industry with huge growth prospects in the years to come as EVs go mainstream. Our UK technical leadership is a result of strong investment in R&D at our EV Battery Recycling Technology Centre, being the first to hydrometallurgically recycle old EV batteries to recover to critical minerals lithium, nickel, cobalt and manganese direct to battery-ready cathode active material (CAM).

We are the only company in the UK with full battery circularity business model and unique customer offering of planned zero carbon EV battery collection, black mass production at battery recycling stations and chemical refining to precursors, P-CAM and CAM for reuse in new batteries.

Altilium welcomes the UK Government commitment to fostering the growth of the EV industry and advancing sustainable transportation. We look forward to supporting the UK close the loop in an EV battery supply chain, which would not only support the automotive industry with a domestic supply of sustainable raw materials giving energy security, but also contribute to reducing carbon emissions and enhancing environmental sustainability.

See more: https://www.gov.uk/government/news/billions-of-investment-for-british-manufacturing-to-boost-economic-growth