By Daniel Hunter

A major review has confirmed the UK is uniquely positioned to develop driverless car technology.

Up to now, the scope for testing driverless cars has been limited, but yesterday (11 February 2015) the industry was given the green light for testing on public roads.

The UK’s regulatory environment now sets it apart as a premium location for developing new technology, with tremendous potential for reducing accidents and making traffic flow more smoothly.

Transport Minister Claire Perry said:

"Driverless cars are the future. I want Britain to be at the forefront of this exciting new development, to embrace a technology that could transform our roads and open up a brand new route for global investment.

These are still early days but today is an important step. The trials present a fantastic opportunity for this country to take a lead internationally in the development of this new technology."

Business Secretary Vince Cable said:

"The UK is at the cutting edge of automotive technology - from the all-electric cars built in Sunderland, to the formula 1 expertise in the Midlands. It’s important for jobs, growth and society that we keep at the forefront of innovation, that’s why I launched a competition to research and develop driverless cars.

The projects we are now funding in Greenwich, Bristol, Milton Keynes and Coventry will help to ensure we are world-leaders in this field and able to benefit from what is expected to be a £900 billion industry by 2025."