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£25m new Faraday battery challenge funding for future electric vehicles

Fri 14 September 2018 | Back to news list

The Government has announced a new £25 million funding competition which will offer grants to innovative businesses with projects to develop batteries for future electric vehicles. The competition is to support business-led research and development to improve batteries for automotive applications. Funding is provided by UK Research and Innovation and delivered by Innovate UK.
There are two opportunities to apply, depending on the stage of your project, which are:
  • up to £23 million for industrial research and development
  • up to £2 million for feasibility studies
In both opportunities projects should aim to:
  • make it easier to scale up battery production and use
  • build the UK supply chain
The competition opens on 17 September 2018 and the deadline for applications is midday on 12 December 2018.
For more information click this link.

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