The government has announced it has signed a new partnership with Wayve, a British company that is developing self-driving vehicle technologies.
The partnership will focus on shared research that will support the ongoing development and deployment of automated vehicles.
It is hoped that the partnership will act as a catalyst for new investment, skilled jobs and long-term growth across the UK car industry.
A Memorandum of Understanding sets out how the Department for Business and Trade and Wayve will collaborate on research helping to take self-driving vehicles from prototypes through to commercial reality.
New research on companies claiming Research and Development (R&D) tax credits shows the value of tax relief support was £8.2 billion, an increase of 5%, while the number of R&D tax credit claims decreased by 17% for 2024-25.
Small businesses can now benefit from a new electricity-cost relief scheme that was launched on 1 October. Applications close on 30 November 2026.