A joint industry and government fund will award £88m across 46 projects that are developing a range of green vehicle technologies.

The funding, with £44.5m coming from government and £43.5m from the automotive industry, has been awarded through the Advanced Propulsion Centre (APC). This non-profit organisation facilitates funding to UK-based research and development projects developing net-zero-emission technologies.

Two of the biggest recipients of the £88m fund include Protean Electric and Gordon Murray Group. The total investment in these two projects is £22.5m, including £11m through the APC’s collaborative R&D competition announced last year.

Protean is a Surrey-based automotive technology company working to bring to market power-electronics products, including in-wheel motors to improve an electric vehicle’s range, user experience and affordability.

Gordon Murray Group, which also has its headquarters in Surrey, will use the funding to support the development of a new “ultra-lightweight...