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 £23 million in industrial research and experimental development projects. In the other competition we expect to fund up to £2 million in feasibility studies.
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.