This challenge is investing up to £541 million to further develop a UK battery technology industry that is high tech, high value and high skill.
It aims to make the UK a science superpower for batteries. By supporting the UK’s world-class battery facilities along with growing and innovative businesses that are developing the battery supply chain for our future prosperity.
The challenge is part of the Industrial Strategy Challenge Fund.
Our funding opportunities may fund research and development projects that are categorised as feasibility studies, industrial research or experimental development.
For feasibility studies and industrial research projects, the following intervention rates may apply:
- up to 70% if you are a micro or small organisation
- up to 60% if you are a medium-sized organisation
- up to 50% if you are a large organisation
For experimental development projects which are nearer to market, the following intervention rates may apply:
- up to 45% if you are a micro or small organisation
- up to 35% if you are a medium-sized organisation
- up to 25% if you are a large organisation
Capital costs may be funded through some funding opportunities with intervention rates of up to 80%.
Research organisations undertaking non-economic activity may be funded as follows:
- 80% of full economic costs if you are a Je-S registered institution, such as an academic
- 100% of eligible costs for all other research organisations
Research organisations which are engaged in economic activity as part of the project will be treated as business enterprises for the purposes of funding.
Funded and announced projects
Faraday Battery Challenge investments are outlined below.
UK businesses can apply for grants for feasibility studies and collaborative research and innovation projects, to develop new and improved battery technologies for increased performance, lower cost, and considering battery ‘end of life’.
Projects funded so far include improving:
- battery lifespan
- battery range
- the charging rate of batteries
- the reuse, remanufacture and recycling of batteries
Read more about the projects funded by the Faraday Battery Challenge.
The Faraday Institution is the UK’s independent institute for:
- electrochemical energy storage research
- skills development
- market analysis
- early-stage commercialisation
Bringing together expertise from universities and industry, the Faraday Institution endeavours to make the UK the go-to place for the research and development of new electrical storage technologies for both the automotive and wider relevant sectors.
Headquartered at the Harwell Science and Innovation Campus, the Faraday Institution is a registered charity with an independent board of trustees.
UK Battery Industrialisation Centre
The UK Battery Industrialisation Centre (UKBIC) was opened by the Prime Minister in July 2021, 3 years ahead of its nearest European rival.
The national battery manufacturing development facility provides the missing link between battery technology, which has proved promising at laboratory or prototype scale, and successful mass production.
With the support of the challenge, the £130 million Coventry-based facility is now supporting several companies to achieve their development milestones. Companies include:
- AMTE Power
UKBIC is the national battery manufacturing development facility to help organisations scale up their battery technologies into production, with a remit to support organisations bringing green jobs and prosperity to the UK.
The 20,000m² facility has been created to support industry with development of battery technologies for a range of uses including electric vehicles and wider transportation, static energy storage and other industrial applications.
The facility can be described as a ‘learning factory’ for organisations to develop blueprints for manufacturing processes and prototyping-at-scale of new electrodes, battery cells, module, and pack structures.
Its objective is to help organisations to increase confidence in manufacturing plant investment for new battery-related technologies in the UK.