What companies are covered under the “UK Automotive Sector”?
For the purposes of this scheme, the “UK Automotive Sector” is defined as: Manufacturers of, and suppliers to manufacturers of: • cars, vans and light commercial vehicles • buses and coaches • mobile construction equipment and agricultural tractors • motor homes that are in the UK or propose to become so (e.g. a new investor in the UK). To qualify, products manufactured must be: • designed for regular road use, and • must move under their own system of propulsion Furthermore, companies would usually show • turnovers in excess of £25m recorded in their last published annual report and accounts, and • a proposed project investment of ideally £5m with £1m minimum. However, all cases are considered on an individual basis. Suppliers will need to demonstrate that they are established suppliers to the sector and that a significant proportion of their current business relates to supply to the automotive industry, and that the project for which they are seeking support links directly to the red
