A £92 million National Automotive Innovation Campus (NAIC) is to be established at the University of Warwick. NAIC will be part-funded through the Government's UK Research Partnership Investment Fund (UKRPIF), which is administered by the Higher Education Funding Council for England (HEFCE) and which supports university capital research projects. The Chancellor of the Exchequer, the Rt Hon George Osborne MP, has announced today, Monday 8th October, a further £200 million of public investment in the fund.

George Osborne said: "Today we deliver with some of our leading businesses and universities £1 billion of new science investment in the areas where we lead the world."

David Willetts, Minister for Universities and Science, said: “The UK has world-class companies and great universities. This new investment will get them working together to deliver innovation and growth."