29 October 2019
Up to £30 million is available to create regional centres of excellence for PEMD technologies
Innovate UK, part of UK Research and Innovation, is to invest up to £30 million in a single project to create a network of regional centres.
The centres will be used by industry and researchers for the development and scale up of power electronics, machines and drives (PEMD) technologies. The funding for the Driving the electric revolution competition comes from the Industrial Strategy Challenge Fund.
The aim of this competition is to provide funding to establish the centres, building on existing capabilities and expertise where it already exists. The centres will support the industrialisation of PEMD technologies to help accelerate the growth of the UK’s supply chains for PEMD.
The centres must be open access facilities that support the development, prototyping and scaling of PEMD technologies and manufacturing processes.
Innovate UK will fund:
- the investment in capital equipment needed to create the centres
- operational costs to enable the centres to become established up to the end of 31 March 2024
You must provide the remaining operational investment necessary over the centres' lifetimes, which is expected to be at least 10 years, through your own investment and leveraging industry funding.
Registration for the competition closes at 12 noon on 27 November 2019.