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WEBINAR: Driving the Electric Revolution: SME update

Event details
Wednesday, 13 March 2019
10:00 am – 10:30 am
This event will be live streamed via webcast
Overview
The purpose of this event is to provide an update on the SME opportunities of the Driving the Electric Revolution challenge and get your input.

The third wave of the Industrial Strategy Challenge Fund, and in particular the Driving the Electric Revolution challenge, was originally announced as the “Stephenson” challenge in the Budget on 30th November 2018. The focus of this challenge is power electronics and motors: it targets electrification and decarbonisation in transport, industrial and energy industries.

This challenge, alongside others that have been subsequently announced by ministers, have funding figures attached to them that are the maximum amounts government is prepared to invest. This figure is subject to business case approval and confirmation of sufficient industry co-investment for the challenge.

The Business Secretary Greg Clark asked for a senior industry leader to be identified for each challenge, whose role will be to work with the UKRI team and industry to refine the vision for the challenge.

Matt Boyle OBE, who recently completed his role as CEO of Sevcon with its sale to BorgWarner for $200m, is now as the challenge senior industry lead for the Driving the Electric Revolution challenge, and will be delivering the webinar. He has been a key part of the team to date and one of his qualities is the ability to represent the broadness of the challenge rather than one specific area, emphasising the cross-sector approach of the challenge.

Matt and the UKRI team will be working on the development of the challenge vision and business case to support the Government approval process that will run through March and April. They have been working closely together over the past couple of weeks to build on the work that brought the challenge to this point and create a draft of the vision.

If you are an SME and interested in participating please register as soon as possible.

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