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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.
The Chancellor, John Healey, has given a number of speeches explaining how he intends to boost growth, reduce red tape and maintain fiscal responsibility.
The latest Mergers and Acquisitions (M&A) data from the Office for National Statistics (ONS) reveal a depressing landscape for UK companies. Foreign acquisitions of UK companies soared in value to £25.4 billion, up £9.7 billion from Q1 2026 and £15.7 billion higher than Q2 2025, highlighting how cheap UK company valuations are compared to foreign markets.
