A £10m funding competition launched today by the Technology Strategy Board aims to help companies gain access to a new technology centre for commercialising low carbon vehicles.
The Building an Automotive Supply Chain of the Future competition rewards innovative approaches to transport technologies with funding.
The selection process will decide on collaborative R&D projects that are most likely to result in products and systems that are strong candidates for industrialisation.
Government and industry are investing around £1 billion in the Advanced Propulsion Centre (APC). The Centre will help develop the systems and supply chains needed to manufacture the next generation of low carbon vehicles here in the UK. The Technology Strategy Board competition is expected to act as a feeder for the Centre.
Iain Gray, chief executive of the Technology Strategy Board, said: “Low carbon vehicles represent a great opportunity for the UK. This competition, with its links to the new Advanced Propulsion Centre, will provide a route to bring innovative ideas to the consumer more quickly. And that has to be good for consumers, industry and the country as a whole.”
The competition aims to maintain the UK’s reputation as a global leader in low carbon transport technology.