Competition launched: Govt invests £10m to support auto industry

Posted on 8 Oct 2012

Up to £10m of Government funding is to be made available to support the development of innovative technologies that have the potential to transform the automotive industry.

The funding will be allocated through an open competition to be run by the Technology Strategy Board, which is now seeking proposals for proof-of-concept projects that are highly innovative, vehicle-centric.

The aim is to target disruptive technology and research that challenges current conventions, and will support projects that explore new boundaries or adapt existing novel technologies for deployment into new fields.

Projects, which are expected to last between 12 and 24 months, are likely to attract grants of between £250,000 and £750,000, with the majority attracting up to 50% public funding.

The competition opens on 14 January 2013 and the deadline for registration is 13 February 2013.  Expressions of interest must be submitted by 20 February 2013. Invited applicants will then be asked to submit a full application. There will be a networking event to facilitate consortia-building on 27 November 2012 at the Heritage Motor Centre, Gaydon.