ISCF: Driving the Electric Revolution Challenge
The Driving the Electric Revolution (DER) Challenge was launched in July 2019 by the Department of Business, Energy and Industrial Strategy as part of the Industrial Strategy Challenge Fund (ISCF). The ISCF provides funding and support to UK businesses and researchers. The fund is designed to ensure that research and innovation takes centre stage in the government’s Industrial Strategy.
The fund is being administered by UK Research and Innovation.
The Driving the Electric Revolution Challenge is an investment of £80 million over 4 years. It was set up to help UK businesses seize the opportunities presented by the transition to a low carbon economy. It aims to ensure the UK leads the world in the design, development and manufacture of power electronic, machines and drives (PEMD) across 7 sectors:
- Off Highway
The challenge will create world leading supply chains in the UK and expertise for the manufacture of power electronics, machines and drives (PEMD).
The UK is working to meet its carbon reduction targets agreed nationally and internationally. As part of this it will require electrification in many sectors, which this challenge will directly support and enable. Developing this competency in the manufacture of PEMD in the UK will drive demand for £5 billion more PEMD by 2025 and up to £80 billion by 2050, creating growth and highly skilled jobs across the UK.
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