UK businesses can apply for a share of up to £10 million to work on innovation projects to design, develop and manufacture batteries for the electrification of vehicles.
Programme: Faraday Challenge Industrial Strategy Challenge Fund, the Advanced Propulsion Centre in partnership with Innovate UK
Award: Up to £7m
Opens: 25th Jul 2017
Closes: 14th Sep 2017
As part of the government’s Faraday Challenge Industrial Strategy Challenge Fund, Innovate UK is to invest up to £10 million in innovation projects. This is to support the UK to lead the world in the design, development and manufacture of future batteries for vehicle electrification.
This competition is the first portion of innovation funding as part of the clean and flexible energy or Faraday Challenge.
Projects must support the overall goal of the UK to become a global leader in the design, development and manufacture of batteries for electric vehicles.
In line with the objectives of the Faraday Challenge, the challenge is looking to fund projects that address the following technical and supply chain challenges:
Specific competition themes
To be eligible you must:
Funding and project details
The Department for Business, Energy and Industrial Strategy and Innovate UK have allocated up to £10 million to fund technical feasibility projects in this competition.
Projects should draw from existing research in battery technology. Projects should also innovate towards commercialisation in the automotive market, while focusing on building the UK supply chain. This includes battery supply business models.
All projects must be collaborative and involve at least one SME.
Your project must focus on feasibility studies.
You could get up to 70% of your eligible project costs if you are an SME.