New funding opportunities worth tens of millions have been unveiled by Business Secretary, Greg Clark under the Industrial Strategy Challenge Fund’s Faraday Challenge. These aim to make the UK a world leader in low carbon vehicle technology.
They include funding to:
support the UK’s position as a leader in the design, development and manufacture of future batteries for vehicle electrification
set up a new facility to work on new technologies to propel the development of low carbon vehicles, through the Advanced Propulsion Centre (APC)
In addition to the Faraday Challenge opportunities, up to £25 million has been allocated for connected and autonomous vehicles.
Separate to these competitions, the Faraday Challenge will support activities across research, innovation and scale up. This includes a call by the Engineering and Physical Sciences Research Council (EPSRC) to establish a virtual research institute, plus associated research into battery development.
The Business Secretary also announced 2 competitions to encourage projects that show how connected and autonomous vehicles can work in the real world. These will be funded by the Centre for Connected and Autonomous Vehicles (CCAV).
New connected and autonomous vehicle technologies
up to £23 million is being made available for collaborative research and development projects, and up to a further £2 million for feasibility studies
the competitions open on 25 July 2017, and the deadline for applications is midday on 25 October 2017
we expect research and development projects to range in size from £500,000 to £4 million and last between 18 and 30 months
we expect feasibility studies to range in size up to £250,000 and last between 12 and 18 months
businesses could attract up to 70% of their project costs