Government unveils £80 million investment to help develop the next generation of electric vehicles and new hybrid aircraft
Posted on 23/07/2019
The government has announced an £80 million investment to help develop the next generation of electric vehicles, investment which could also help develop new hybrid aircraft.
The investment – through the modern Industrial Strategy – will help ensure the UK is able to supply products both in the UK and abroad, to help cut carbon emissions from a range of industries including transport, energy, agriculture and construction.
KTN is running a series of briefing events for organisations to find out more about the opportunity this investment will afford. You can book a place by clicking the relevant link below.
Development of these new technologies – known as Power Electronics, Electric Machines and Drives (PEMD) – will be led by industry and academia and supported by over 130 organisations, collectively offering global reserves of as much as £600 billion.
This collaboration will mean investment through four key strands to provide opportunities for industries in the UK to move away from fossil fuels, and new electric products. These four strands are:
- Fast-start fill the gaps/proof of concept programmes – a project that aims to fill identified gaps in the supply chain for PEMD
- Industrialisation centres – aiming for the UK to develop the next generation of PEMD products such as electric vehicles and hybrid aircraft, as well as providing a focal point for the business community
- High efficiency, high volume supply chains – investing in the UK’s capability to develop the necessary machining tools for new manufacturing techniques
- Low volume, high value supply chains – aiming to help just-in-time manufacturers to sustain long-term growth
The UK leads the world on combatting climate change and is the first major economy to legislate for net zero.
This investment is part of the Industrial Strategy Future of Mobility Grand Challenge, transforming the way people work and travel. Key targets include:
- Eliminating diesel rolling stock from UK railways by 2040
- Accelerating the delivery of electric and hybrid aircraft by 2040
- The delivery of zero carbon road transport by 2040
The challenge will deliver technologies that will enable the UK’s road, rail, maritime and aviation networks to dramatically reduce emissions. The programme also supports clean growth by driving down costs and delivering a volume supply chain necessary to deliver low-carbon technologies – building partnerships between industries of all sizes.
KTN is running a series of briefing events to outline more about the opportunities available through this funding. Simply click on the relevant link to book your place.
30 July – Newport
8 August – Belfast
15 August – Glasgow
20 August – Newcastle upon Tyne
The Driving the Electric Revolution ISCF competition is divided into two strands with a share of £19m available.
Strand 1: projects with total eligible project costs between £1 million and £3 million.
Strand 2: projects with total project costs between £250,000 and £1 million.
Both strands open 29 July and close on 25 September. More information on the scope of both strands can be found here.