The UK Government has launched an industry-led brand to accelerate connected autonomous vehicle (CAV) development.
Called MERIDIAN, the project aims to co-ordinate and test a range of relevant technologies to cement the UK’s status as a global leader in driverless cars.
It aims to create a cluster of CAV testing facilities and infrastructure along the M40 corridor between Coventry and London, which will be funded by a £100 million investment programme from government, to be matched by industrial partners.
It follows a previous consultation earlier this year which suggested the programme would grow the UK’s intellectual capital and attract overseas investment.
The Centre for Connected Autonomous Vehicles (CCAV) predicts the global market for driverless car technology could be worth £907 billion in 2035, with the UK market making up a £52 billion share.
Climate Change and Industry Minister Claire Perry said: “At the heart of our Industrial Strategy is a commitment to delivering world class science, research and innovation.
“The MERIDIAN co-ordination hub embodies this ambition, creating a globally recognisable brand that will bring the automotive sector, academia and government together behind a common set of strategic goals.”