UK registered businesses of any size can apply for funding for research into supply chain development for power electronics, electric machines and drives.
- Funding body:
- Innovate UK (IUK)
- Maximum value:
- £ 5,000,000
- Application deadline:
The UK's innovation agency, Innovate UK (IUK) works with people, companies and partner organisations to de-risk, enable and support innovation, and promote UK economic growth. IUK is part of UK Research and Innovation (UKRI) - a non-departmental public body, funded by a grant-in-aid from the UK government through the Department for Business, Energy & Industrial Strategy (BEIS).
Funding for this programme is from the Industrial Strategy Challenge Fund (ISCF).
Objectives of Fund
Driving the Electric Revolution, part of the Industrial Strategy Challenge Fund (ISCF), is investing in innovation projects that will support the UK’s drive towards net zero.
Working with Innovate UK (IUK), the ISCF is investing in innovation projects to facilitate the UK's niche and volume supply chain and manufacturing capability growth in power electronics, machines and drives (PEMD).
By niche supply chain IUK means low volume, high value. By volume supply chain it means high volume, high efficiency.
IUK has allocated up to £22 million to fund innovation projects in business-led, supply chain focused, innovation projects that enable future improvements in productivity, capacity, quality and efficiency.
A project’s total eligible costs must be between £500,000 and £5 million.
Project must have started by 1 February 2022, end by 31 January 2025 and last between 18 and 36 months.
Match Funding Restrictions
If the organisation’s work on the project is commercial or economic, funding request must not exceed the limits below. These limits apply even if the organisation normally acts non-economically.
For industrial research projects, applicants could get funding for their eligible project costs of:
- Up to 70% if they are a micro or small organisation.
- Up to 60% if they are a medium-sized organisation.
- Up to 50% if they are a large organisation.
For experimental development projects which are nearer to market, applicants could get funding for their eligible project costs of:
- Up to 45% if they are a micro or small organisation.
- Up to 35% if they are a medium-sized organisation.
- Up to 25% if they are a large organisation.
Research organisations can claim 100% of their total eligible project costs.
The research organisations undertaking non-economic activity as part of the project can share up to 30% of the total eligible project costs.
Who Can Apply
Projects must be industry led, collaborative and undertaken in the UK. To lead a project the organisation must be a UK registered business of any size. They must collaborate with other UK registered businesses, research and technology organisations (RTOs), research organisations, public sector organisations or charities. Research organisations cannot lead projects.
The make-up of the project team must include at least three layers of an existing or new supply chain. When choosing supply chain partners for the project team, applicants must make sure that supply side and demand side are both represented.
IUK is not funding:
- Fundamental research, feasibility studies or proof of concept projects.
- Projects that are not collaborative.
- Projects that are not industry led.
- Projects that focus on product development which do not focus on design for manufacture and supply chain development.
- Projects that do not develop capability that will enhance UK PEMD supply chains.
- Projects that do not demonstrate a credible return on investment.
- Projects focussed around batteries.
- Projects dependent on export performance.
- Projects dependent on domestic inputs usage.
IUK will fund industrial research projects and experimental development projects that focus on the following areas:
- Manufacturing process development.
- Design for manufacture.
- Innovative end-of-line testing and product validation processes.
- Circular economy.
How To Apply
- Open: Monday 8 March 2021
- Competition closing date: Wednesday 30 June 2021 (11:00 GMT)
Applicants are encouraged to read the general guidance for applicants to help their chances of submitting a quality application.
Those requiring more information should contact the competition helpline on 0300 321 4357 or email [email protected]
More details can be accessed here
Useful documents & links
Addresses and contacts
For further information on how to obtain this grant locally, please contact the following:
- Competitions Helpline
Innovate UK (IUK)
North Star Avenue
Tel: 0300 321 4357
Email: [email protected]