Innovate UK, as part of UK Research and Innovation, is to invest up to £25 million in innovation projects. This competition is the third round of the Industrial Strategy Challenge Fund (ISCF) Faraday Battery Challenge: Innovation. Its goal is to support business led research and development in the design and development of batteries for electric vehicles. Projects must emphasise:
- making it easier to scale up
- building supply chains in the UK
The funding is split into 2 competitions running in parallel. In this competition we expect to invest up to £2 million in feasibility studies. In the other competition we expect to fund up to £23 million in industrial research and experimental development projects.
Projects must focus on the technical or commercial challenges in battery innovation, development and manufacture through UK supply chains.
All projects must be a collaboration between at least 2 partners. A business or research and technology organisation (RTO) must lead the project.