£30 million clean growth funding opportunities for businesses open this week
23 October 2019
Research and development funding for power electronics, machines and drives businesses is available from a significant funding opportunity opening today focused on helping the UK achieve net zero emissions by 2050.
The Driving the Electric Revolution challenge is aimed at developing electrification supply chains across seven key sectors of the economy including automotive, aerospace, energy, industrial, marine, off highway and rail These supply chains are essential in order to meet the UK’s carbon reduction targets. It will strengthen the UK's manufacturing capability in these areas where we already lead the world in research.
The competition opening today is to invest up to £30 million in a single project to create a network of 2-4 flagship national centres across the country. The open access centres will be used by industry and researchers for the development and scale up of the manufacture of power electronics, machines and drives (PEMD) technologies. This will put the UK at the forefront of manufacturing in these technologies which are essential if we are to decarbonise these sectors.
Matt Boyle, Interim Challenge Director, Driving the Electric Revolution said:
“The purpose of these centres of excellence is to help industry and academia come together to collaborate in development of a flourishing UK supply chain in the core technologies of PEMD. This is an excellent opportunity for a consortium of businesses and academia to spearhead this important initiative and build on the UK’s strengths in this area.”
Notes to editors
The Industrial Strategy Challenge Fund (ISCF) brings together the UK’s world-leading research base with our best businesses to transform how we live, work and move around. It will put the UK in the best position to take advantage of future market opportunities.
Driving the Electric Revolution - This challenge will allow the UK to seize the economic opportunities from the global transition to clean technologies and electrification. The programme will help businesses across numerous sectors including transport, energy, construction and agriculture to invest and work together to capitalise on the UK’s strengths in this technology.
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