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Global Trade Alert

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United Kingdom: Government supports AESC's GBP 1 billion gigafactory in Sunderland through financial guarantees and grants

Description

On 9 May 2025, the UK government allocated GBP 150 million (USD 199 million) in grant funding from the Automotive Transformation Fund to support the development of a new AESC gigafactory in Sunderland...

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Intervention Details

Intervention Type

Financial grant

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

09 May 2025

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

firm-specific

Affected Trading Partners

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Affected Sectors

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Affected Products

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