A further £32 million grant for two new projects to research manufacturing technology for electric motors and develop cleaner internal combustion engines, will be announced by Business Secretary Vince Cable, during a visit to officially open the Advanced Propulsion Centre (APC) headquarters at the University of Warwick.

The two new projects are led by Jaguar Land Rover and will safeguard 2,500 jobs, in this £1bn industry to turn low carbon propulsion technology into products developed in the UK.

The APC projects committed to so far, will reduce CO2 emissions equivalent to the output of 250,000 cars per year over the next decade.

The Business Secretary, Vince Cable will also announce today that a further £100 million funding round has opened for businesses as well as a new programme to support small businesses.