Funding opportunity: Driving the electric revolution
Innovate UK, part of UK Research and Innovation, will invest up to £19 million across 2 strands in innovation projects to support the creation, development and scale up of supply chains in power electronics, machines and drives (PEMD) in the UK. This is the first competition as part of a new Industrial Strategy Challenge Fund: Driving the Electric Revolution.
The aim is to support the transition towards a low carbon future in transport, energy and industry. This competition will fund business-led projects that enable electrification through the development of UK supply chains for PEMD.
Your proposal should clearly state how your project will develop PEMD supply chains in the UK. This can be by filling gaps in current UK based supply of PEMD components or scaling up existing supply chains through innovation.
This competition is split into 2 strands.
- Strand 1: projects with total eligible project costs between £1 million and £3 million.
- Strand 2: projects with total project costs between £250,000 and £1 million.
The competition closes on 25 September.