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Ford UK secures £1bn government-backed loan to accelerate electric vehicle expansion
Ford UK receives £1bn government-backed loan from UK Export Finance to scale electric vehicle production and exports, boosting jobs, innovation and green growth.
The new funding will play a key role in scaling Ford’s EV production, supporting research and development, and boosting UK exports in the rapidly evolving global automotive market. The government’s support for Ford is part of a wider £2.5 billion commitment to the UK’s green transport transition, including schemes such as the Electric Vehicle Grant, Advanced Manufacturing Plan, and the Modern Industrial Strategy. With the combined weight of government support, growing global demand for EVs, and improved market access, Ford UK is now in a stronger position than ever to lead Britain’s automotive sector into its next electric chapter.
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