The Swedish Government announced today that it will assign Business Sweden—an organisation jointly owned by the State and the business sector—to enhance its efforts in promoting investments within the Swedish battery value chain, which encompasses all aspects of production. The goal is to attract and retain capital and vital expertise within the Swedish business sector. This assignment also includes providing advice and facilitating contacts for relevant companies and national, regional, and local stakeholders.
“I’m delighted that we can mobilise Business Sweden’s capacity and established contacts in this way to attract further investments and strengthen the Swedish battery value chain. The ability to keep expertise and jobs in Sweden is important for our competitiveness and innovative capacity,” said Minister for International Development Cooperation and Foreign Trade Benjamin Dousa.
As part of the assignment, Business Sweden will identify specific obstacles to investment and challenges related to the investment climate in Sweden across the entire battery value chain.
“The green industrial transition is taking place right now, and if we handle it properly, we can secure our future prosperity. Battery production in our region is not just a question of competitiveness; it’s also an issue of importance to security policy,” says Minister for Energy, Business and Industry and Deputy Prime Minister Ebba Busch.
This work will be coordinated with Business Sweden’s ongoing efforts to improve the coordination of establishing large battery plants as part of the automotive industry’s transition to greener practices.
“It is crucial for our labour market that we capitalise on the expertise to be found within our country’s borders. Now we’re mobilising Business Sweden to promote investments in the battery value chain, which could help bring in and retain expertise in Sweden,” says Minister for Employment and Integration Mats Persson.
Additionally, a dialogue will be initiated with the Green Acceleration Office. The government has allocated SEK 700,000 for this year and SEK 1.5 million for 2025.
