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East Midlands Chamber News

Powering the vehicles of the future - £30m funding

Businesses can apply for a share of up to £30m to develop vehicle technologies that significantly reduce CO2 emissions and improve air quality.

The Advanced Propulsion Centre (APC) has the money to invest in technologies that support the long-term development of low and zero emission vehicles in the UK.

The APC is a Government-industry body that aims to make the UK a global centre of excellence for low carbon vehicle development and production.

The funding is part of a ten-year, £1bn joint Government and industry investment to accelerate development of low carbon propulsion technologies and help the UK to take advantage of the huge opportunities in this field.

The competition process is delivered by Innovate UK.

The APC is seeking projects that develop low and zero emission on-vehicle technologies for on or off-road vehicles. They must be in the following areas:
* alternative propulsion systems
* electric machines and power electronics
* energy storage and energy management
* lightweight vehicle and powertrain structures
* thermal propulsion systems.

Projects must have a proven technology concept and demonstrate that there is a clear route to market.

The competition opens on 30 April and the deadline for applications is midday on 27 June.

Projects must be led by a business working in partnership with others and must include an SME and a vehicle manufacturer or tier 1 supplier.

Total project costs are expected to range between £5m and £40m and for projects to last between 18 and 42 months

Businesses could attract up to 70% of their project costs

A briefing event will be held on 7 May. To find out more visit https://bit.ly/2JirKeo.